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Facebook Beats Street in Q3 2013 Earnings; Mobile Revenue Now 49 Percent of All Ad Revenue

by Todd Haselton | October 30, 2013October 30, 2013 2:00 pm PDT

Facebook - Earnings - Stocks - 001

Facebook published its third quarter 2013 earnings after the bell on Wednesday, noting an earnings per share (EPS) of 25 cents on $2.02 billion in revenue, up 60 percent from the same quarter last year. Wall Street analysts were predicting an earnings per share (EPS) of 19 cents on $1.91 billion in revenue.

Facebook’s daily and monthly users are up, as is its revenue from last year. The company noted 728 million daily active users, up 25 percent year-on year, and 1.19 billion monthly active users, up 18 percent year-on-year. The social network also noted 874 mobile monthly active users, up 45 percent from last year, and 507 million mobile daily active users. Mobile ad revenue represented a stellar 49 percent of all advertising revenue, a key growth spot for anyone who has been watching Facebook since its IPO when mobile revenue still remained a big question. Facebook said a large part of its $1.28 billion in expenses can be attributed to an increasing employee base and infrastructure spending.

Facebook closed down for the day 0.78 percent at $49.01 but jumped 14.24 percent to $55.99 following its earnings release after the bell.


Todd Haselton

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

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