• TechCrunch, Thursday, November 3, 2016 8:06 AM

Facebook reported positive Q3 earnings late Wednesday, earning $7.01 billion in revenue and $1.09 EPS. "That’s off of from 1.79 billion monthly users, up 16% year-over-year, and growing 4.67% this quarter, speeding up from 3.63% last quarter," according to a report on TechCrunch. "Daily active users rose to 1.18 from 1.13 billion last quarter, and up 17% year-over-year. Facebook now has 1.66 billion mobile MAUs up 5.7% from 1.57 billion in Q2, and it’s hit a new billion-user milestone as it reached 1.055 billion mobile-only users. Facebook destroyed analyst estimates, which were $6.92 billion in revenue and $0.97 EPS. Still, Facebook’s share price is down because it says it’s hitting maximum ad load, which will reduce revenue growth," TechCrunch reported.

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