Facebook Revenue Up 32% On Mobile Growth
Facebook on Tuesday reported third-quarter revenue of $1.26 billion, up 32% from a year ago. It post an adjusted profit of 12 cents a share, the same as in the year-earlier period.
Wall Street analysts on average had forecast revenue of $1.23 billion and a profit of 11 cents a share. Facebook’s revenue growth rate is on par with the second quarter. With its stock trading at roughly half its $38-a-share IPO price, Facebook is under pressure to show it can ramp up ad sales, especially on mobile devices.
In that vein, the company said it generated 14% of total revenue from mobile in the quarter.
"People who use our mobile products are more engaged, and we believe we can increase engagement even further as we continue to introduce new products and improve our platform. At the same time, we are deeply integrating monetization into our product teams in order to build a stronger, more valuable company,” said Facebook CEO Mark Zuckerberg, in a statement today.
Among usage highlights:
-Monthly active users (MAUs) were 1.01 billion as of September 30, 2012, up 26% year-over-year.
Daily active users (DAUs) were 584 million on average for September 2012, up 28%.
-Mobile MAUs were 604 million as of September 30, 2012, up 61%.
More to come following the conference call.