Thursday, November 05, 2015

Facebook Q3 Earnings, Claims One Billion Daily Users | Re/code

A stark contrast to Twitter's recent results (see, e.g., Dismal Twitter Forecast and Flat User Growth Send Its Stock Lower [NYT]); also see Facebook Hits 8 Billion Daily Video Views, Doubling From 4 Billion In April (TechCrunch)
"Facebook’s mobile revenue continues to climb as the company beat Wall Street’s Q3 earnings estimates on Wednesday. It also notched a significant user metric, reaching 1.01 billion people a day on average.

Facebook reported profit of 57 cents a share on revenue of $4.5 billion for the quarter, up 41 percent over the same period last year. Analysts were looking for 52 cents a share on sales of $4.37 billion.

The majority of that revenue came from mobile advertising, at $3.4 billion. That accounts for 78 percent of Facebook’s total ad revenue, up from 66 percent a year ago, a nod to the company’s growing reliance on reaching users through mobile devices."
Facebook Q3 Earnings, Claims One Billion Daily Users | Re/code
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