Facebook Beats 3Q Estimates

Facebook, Inc. FB reported financial results Tuesday for the 3Q 2014, beating revenue and earnings expectations.

 

Revenue for the third quarter of 2014 totaled $3.20 billion, above estimates of $3.12 billion, an increase of 59 percent, compared with $2.02 billion in the third quarter of 2013. Excluding the impact of year-over-year changes in foreign exchange rates, revenue would have increased by 58 percent.

 

Excluding amortization of intangible assets, share-based compensation and related payroll tax expenses, and income tax adjustments, non-GAAP diluted EPS for the third quarter of 2014 was $0.43, above estimates of $.040, up 59 percent compared to $0.27 in the third quarter of 2013.

Excluding amortization of intangible assets, share-based compensation and related payroll tax expenses, and income tax adjustments, non-GAAP net income for the third quarter of 2014 was $1.15 billion, up 73 percent  compared to $666 million for the third quarter of 2013.

 

GAAP net income for the third quarter of 2014 was $806 million, up 90 percent compared to $425 million for the third quarter of 2013.

GAAP diluted EPS was $0.30 in the third quarter of 2014, up 76% compared to $0.17 in the third quarter of 2013.
 

User data was reported as follows:


Daily active users (DAUs) were 864 million on average for September 2014, an increase of 19 percent year-over-year.

Mobile DAUs were 703 million on average for September 2014, an increase of 39 percent year-over-year.

Monthly active users (MAUs) were 1.35 billion as of September 30, 2014, an increase of 14 percent year-over-year.

Mobile MAUs were 1.12 billion as of September 30, 2014, an increase of 29 perent year-over-year.

"This has been a good quarter with strong results," said Mark Zuckerberg, Facebook founder and CEO. "We continue to focus on serving our community well and continue to invest in connecting the world over the next decade."

Posted In: EarningsNews
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