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Shares of Facebook are up almost four percent in after-hours trading, after the company posted third-quarter results that handily beat Wall Street expectations on Wednesday.
Shares had gone up $1.36, or 1.33 percent, to $103.94 a share during regular trading.
Facebook posted revenue of $4.5 billion for the quarter, beating Wall Street's estimates of $4.37 billion. Adjusted earnings per share came in at 57 cents in the quarter, higher than the 52 cents a share that analysts had been expecting.
"We had a good quarter and got a lot done," said Mark Zuckerberg, Facebook founder and CEO. "We're focused on innovating and investing for the long term to serve our community and connect the entire world."
Advertising revenue was $4.3 billion for the quarter. It increased 45% from the same quarter the year before. Mobile accounted for 78 percent of advertising revenue for the third quarter of 2015, up from 66% of advertising revenue in the third quarter of 2014.. Revenue from payments and fees for the quarter was $202 million, an 18 percent decrease year-to-year.
GAAP net income was $896 million, while non-GAAP net income for the quarter was $1.6 billion,
Daily active users (DAUs) were 1.01 billion on average for September 2015, an increase of 17% year-over-year, while mobile DAUs were 894 million on average, an increase of 27%.
Monthly active users (MAUs) were 1.55 billion on average, an increase of 14% year-over-year, while mobile MAUs were 1.39 billion on average, an increase of 23%.
(Image source: mobileadvertisingwatch.com)
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