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3Q EARNINGS CALL: Facebook Revenue Up 60%, Reaches 1.19B Monthly Active Users


3Q2013MAUs650 Facebook reported its third-quarter earnings at the close of business Wednesday, posting revenue of $ 2.02 billion, up 60 percent from $ 1.26 billion in the year-earlier quarter, and GAAP (generally accepted accounting principles) net income of $ 425 million, or $ 0.17 per share, compared with a net loss of $ 59 million (-$ 0.02) in the third quarter of 2012.

According to the company, its revenue from advertising was $ 1.8 billion in the third quarter of 2013, up 66 percent from the prior-year period, with mobile advertising revenue representing approximately 49 percent of that total.

The social network reported 1.19 billion monthly active users as of Sept. 30, up 18 percent from the end of the third quarter of 2012, and 728 million daily active users, up 25 percent. Mobile MAUs of 874 million were up 45 percent compared with the year-ago period, and mobile DAUs average 507 million in September. Mobile-only MAUs for the third quarter of 2013 were 254 million, more than double the total of 126 million at the end of the previous-year period.

The company said non-GAAP income for the third quarter, excluding share-based compensation and related payroll tax expenses and income tax adjustments, was $ 621 million, or $ 0.25 per share, double its total of $ 321 million ($ 0.12) in the same quarter last year.

Co-Founder and CEO Mark Zuckerberg said in a press release announcing the company’s earnings:

For nearly 10 years, Facebook has been on a mission to connect the world. The strong results we achieved this quarter show that we’re prepared for the next phase of our company, as we work to bring the next 5 billion people online and into the knowledge economy.

Facebook will hold its third-quarter earnings call Wednesday at 5 p.m. ET/2 p.m. PT, and a webcast is available here.

Readers: What did you think of Facebook’s third-quarter results?



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