Facebook Inc (FB) Beats Q3 EPS and Revenue Estimates

Facebook Inc (NASDAQ:FB) reported its third quarter earnings after the closing bell today, and much to the chagrin of its detractors, the social networking company beat the Street’s EPS estimates by a cent, reporting adjusted earnings of 12 cents a share. The beat comes on the back of a revenue beat as well, as Facebook Inc (NASDAQ:FB) reached Q3 revenues of $1.26 billion versus $1.23 billion estimates.

Facebook Inc (NASDAQ:FB)

In comparison to the second quarter, where Facebook Inc (NASDAQ:FB) reported revenues of $1.18 billion and an EPS of 12 cents a share, these results offer a bit more of a beat, but did not blow anyone out of the water by any means. Below are some key points made by Zuckerberg in the earnings call:

1) Daily active users increased by 28% from the same time last year, and totaled 584 million at the end of last month.

2) Monthly active users were a tick over 1 billion at the end of September, a similar increase from the 790 million figure we saw from Facebook Inc (NASDAQ:FB) a year ago.

3) In terms of mobile, Facebook Inc (NASDAQ:FB)’s monthly active users totaled 604 million at the end of last month, which was an increase of 61% year over year.

4) Most importantly, advertising revenue has grown by 36% YOY, an eight-percentage point boost from Q2, which is the key point of the afternoon.

5) All in all, mobile ads make up one-seventh of Facebook Inc (NASDAQ:FB)’s total advertising revenues.

Check back here for more updates on this situation, and for more Facebook Inc (NASDAQ:FB) news.