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Facebook Beats Street in Q3; Reports $1.26B in Revenue

by Todd Haselton | October 23, 2012October 23, 2012 2:33 pm PST

Facebook - Earnings - Money - 001

Facebook beat Wall Street analyst predictions on Tuesday when it published its third quarter 2012 earnings report. The social network reported revenue of $1.26 billion and earnings per share of $0.12, up 32% from the same quarter last year, which beat estimations that the company would report $1.23 billion in revenue and $0.11 EPS.

“As proud as I am that a billion people use Facebook each month, I’m also really happy that over 600 million people now share and connect on Facebook every month using mobile devices,” said Mark Zuckerberg, Facebook founder and CEO. “People who use our mobile products are more engaged, and we believe we can increase engagement even further as we continue to introduce new products and improve our platform. At the same time, we are deeply integrating monetization into our product teams in order to build a stronger, more valuable company.”

Facebook had 1.01 billion monthly active users as of Sept. 30, 2012, up 26% year-on-year, 584 million daily active users by the same time, up 28% year-on-year, and 604 million mobile monthly users, up 61% year-on-year. The company said 14% of its advertising revenue was generated through mobile.

[via FacebookTechTraderDaily]

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...