Facebook blows away earnings with 1,79B users

Facebook had a wildly successful Q3, earning $7.01 billion in revenue and $1.09 EPS. That’s off of from 1.79 billion monthly users, up 16% year-over-year, and growing 4.67% this quarter, speeding up from 3.63% last quarter. Daily active users rose to 1.18 from 1.13 billion last quarter, and up 17% year-over-year. Facebook now has 1.66 billion mobile MAUs up 5.7% from 1.57 billion in Q2, and it’s hit a new billion-user milestone as it reached 1.055 billion mobile-only users.

Facebook destroyed analyst estimates, which were $6.92 billion in revenue and $0.97 EPS. Still, Facebook’s share price is down because it says it’s hitting maximum ad load, which will reduce revenue growth.

Mark Zuckerberg summed up the progress succinctly, writing “We had another good quarter.” The company has beat earnings every quarter since it IPO’d, except for one quarter of mixed results due to foreign currency fluctuations that also hit many other tech companies.

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