Facebook’s quarterly report exceeded analyst expectations, reporting $2.02 billion in revenue and earnings of 22 cents per share. Revenue grew 60 percent year-over-year, from $1.26 billion in Q3 2012. Analysts expected $1.9 billion in revenue, with earnings of 19 cents per share. The increase in revenue also corresponded to an increase in profits, with the company reporting $621 million in profit, a 100 percent increase over the third quarter of last year.
Unsurprisingly, most of the company’s revenue came from advertising, which grew 66 percent over the same period last year to $1.8 billion. Roughly 49 percent of that revenue came from the company’s mobile properties, compared to 41 percent last quarter.
The company’s user numbers continue to climb, with the company reporting an average of 728 million daily active users in September, an increase of 25 percent year-over-year. Mobile continued to be a major area of user growth, with monthly active users on mobile reaching 874 million, up 45 percent from the same period last year.
“For nearly ten years, Facebook has been on a mission to connect the world,” Facebook CEO Mark Zuckerberg said in a press release. “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.”
While Facebook’s stock spiked more than 15 percent in after hours trading immediately following the company’s report, it has since leveled off.
Here’s a closer look at Facebook’s numbers for the quarter:
[This report has been updated with new information on Facebook's stock price after hours.]
Blair Hanley Frank is GeekWire’s Bay Area Correspondent. He has also worked for Macworld, PCWorld and TechHive. He can be found on Twitter @belril.