Facebook Rocks Q3 Earnings, Races Past 1.55 Billion Active Monthly Users
In what Mark Zuckerberg described as a "good quarter," Facebook reported $4.5 billion in revenue during the three month period leading up to September 30, 2015, up from $3.2 billion in the same quarter a year prior. That's a hefty jump and it led to the world's largest social playground posting a profit of $896 million, up from $806 million a year ago.
"We had a good quarter and got a lot done," said Mark Zuckerberg, Facebook founder and CEO.
Some would call that an excellent quarter, one that was propped up by advertising dollars. Almost all of the revenue Facebook generated came from ads -- just shy of $4.3 billion. That represents an impressive 45 percent year-over-year jump from the $2.96 billion in ad dollars Facebook generated in the same period in 2014.
Facebook also noted an uptick in user activity. It now boasts 1.55 billion monthly active users, and more than a billion people visit the site on a daily basis, most of which are using mobile devices to check in and post status updates.
"On mobile, we continue to have a lot of momentum. More than 1.39 billion people now use Facebook on mobile devices, including more than one billion on Android. 50 million people also use Facebook Lite, our app for people on low bandwidth connections, and one of our fastest growing interfaces. This is a great sign of how our mobile strategy continues to make progress across markets, devices and platforms," Zuckerberg said during an earnings call with investors.
Zuckerberg used the earnings call to again talk about his ongoing desire to "serve the global community" by "connecting everyone" on the planet. He called it "one of the fundamental challenges of our time," noting that in order to achieve his goal, it's going to require fast paced innovation and long term investments.
That didn't seem to scare off investors. While U.S. stocks in general were lethargic in early Thursday trading, shares of Facebook spiked as much as 5.8 percent to hit an intraday high of almost $110 (it's up 4.57 percent to $108.70 and climbing at the time of this writing).
"We had a good quarter and got a lot done," said Mark Zuckerberg, Facebook founder and CEO.
Some would call that an excellent quarter, one that was propped up by advertising dollars. Almost all of the revenue Facebook generated came from ads -- just shy of $4.3 billion. That represents an impressive 45 percent year-over-year jump from the $2.96 billion in ad dollars Facebook generated in the same period in 2014.
Facebook also noted an uptick in user activity. It now boasts 1.55 billion monthly active users, and more than a billion people visit the site on a daily basis, most of which are using mobile devices to check in and post status updates.
"On mobile, we continue to have a lot of momentum. More than 1.39 billion people now use Facebook on mobile devices, including more than one billion on Android. 50 million people also use Facebook Lite, our app for people on low bandwidth connections, and one of our fastest growing interfaces. This is a great sign of how our mobile strategy continues to make progress across markets, devices and platforms," Zuckerberg said during an earnings call with investors.
Zuckerberg used the earnings call to again talk about his ongoing desire to "serve the global community" by "connecting everyone" on the planet. He called it "one of the fundamental challenges of our time," noting that in order to achieve his goal, it's going to require fast paced innovation and long term investments.
That didn't seem to scare off investors. While U.S. stocks in general were lethargic in early Thursday trading, shares of Facebook spiked as much as 5.8 percent to hit an intraday high of almost $110 (it's up 4.57 percent to $108.70 and climbing at the time of this writing).
