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Facebook Shares Jump After Top- & Bottom-Line Beat, DAUs Rise

Courtesy of ZeroHedge View original post here.

Amid a massive 28% surge in headcount, and facing non-stop privacy and regulatory concerns, Facebook managed to beat on the top and bottom line and saw daily active users beat expectations…

  • *FACEBOOK 3Q EPS $2.12 VS. $1.76 Y/Y

  • *FACEBOOK 3Q REV. $17.65B, EST. $17.35B

Other Financial Highlights

  • Daily active users (DAUs) – DAUs were 1.62 billion on average for September 2019, an increase of 9% year-over-year.

  • Monthly active users (MAUs) – MAUs were 2.45 billion as of September 30, 2019, an increase of 8% year-over-year.

  • Mobile advertising revenue – Mobile advertising revenue represented approximately 94% of advertising revenue for the third quarter of 2019, up from approximately 92% of advertising revenue in the third quarter of 2018.

  • Capital expenditures – Capital expenditures, including principal payments on finance leases, were $3.68 billion for the third quarter of 2019.

  • Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $52.27 billion as of September 30, 2019.

  • Headcount – Headcount was 43,030 as of September 30, 2019, an increase of 28% year-over-year.

Zuck, quite rightly, is happy with the results…

"We had a good quarter and our community and business continue to grow," said Mark Zuckerberg, Facebook founder and CEO.

"We are focused on making progress on major social issues and building new experiences that improve people's lives around the world."

The immediate reaction was to buy FB after hours…

Additionally, the company estimates that around 2.2 billion people now use Facebook, Instagram, WhatsApp, or Messenger (our "Family" of services) every day on average, and around 2.8 billion people use at least one of our Family of services each month.

Developing…

 

 


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