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.