Facebook has announced its Q3 2013 financial revenues which ended on September 30, 2013. The world’s biggest social network has posted $2.02 billion in revenue with earnings of $0.25 a share. A 60% increase compared to the third quarter of 2012 when it had $1.26 billion. The growth obviously is being led by the mobile and this quarter mobile represented approximately 49% of the advertising revenue. A positive growth of 8% compared to the Q2 2013.
Facebook highlighted some more details during the earnings call which are listed below:
User statistics in Q3 2013
1. Daily Active Users (DAUs) on the network were 728 million for the quarter, a 25% increase on year-over-year (YOY).
2. Monthly Active Users (MAUs) on the network were 1.19 billion, an 18% increase on YOY.
3. Mobile MAUs were 874 million, an increase of 45% YOY and DAUs were 507 million for the quarter ending on September 2013. The growth definitely has been on mobile, in Q2 2013 the network accounted of 819 million MAUs and 469 million DAUs on an average for the quarter ending on June 30, 2013.
Besides this Facebook has also reported that GAAP cost and expenses for the quarter were $1.28 billion, an increase of 45% from the last quarter. The expenses in this quarter have been majorly driven by increased headcount and infrastructure growth. The net income for the quarter was $425 million compared to a net loss of $59 million in the third quarter of 2012.
The quarter has been a positive one for Facebook with mobile driving the user numbers and the ad revenues. However, the other interesting fact that is to be noted is that Facebook’s overall growth was in the rest of the world, with only 1 million new users coming from the U.S.
Seems to match with the thoughts of the Founder and CEO Mark Zuckerberg, “For nearly ten 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 five billion people online and into the knowledge economy.”
Image courtesy: TC