Facebook (FB) Tops Q3 EPS by 29c, Revenue Misses Views

Facebook (NASDAQ: FB) reported Q3 EPS of $1.76, $0.29 better than the analyst estimate of $1.47. Revenue for the quarter came in at $13.73 billion versus the consensus estimate of $13.78 billion.

Third Quarter 2018 Operational and Other Financial Highlights

• Daily active users (DAUs) – DAUs were 1.49 billion on average for September 2018, an increase of 9% year-over-year.
• Monthly active users (MAUs) – MAUs were 2.27 billion as of September 30, 2018, an increase of 10% year-over-year.
• Mobile advertising revenue – Mobile advertising revenue represented approximately 92% of advertising revenue for the third quarter of 2018, up from approximately 88% of advertising revenue in the third quarter of 2017.
• Effective Tax Rate – Our effective tax rate was 13%, which was lower than expected primarily due to the withdrawal in August of an appellate court ruling in the case of Altera Corp. v. Commissioner.
• Capital expenditures – Capital expenditures for the third quarter of 2018 were $3.34 billion.
• Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $41.21 billion at the end of the third quarter of 2018.
• Headcount – Headcount was 33,606 as of September 30, 2018, an increase of 45% year-over-year.

For earnings history and earnings-related data on Facebook (FB) click here.

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