Facebook announced today that the company brought in $3.2 billion in revenue during the third quarter of 2014. That’s up 37 percent from $2 billion in the year-ago quarter, and beat Wall Street analyst expectations by $80 million.
The social networking titan reported earnings of 43 cents a share on net profits of $1.15 billion. Those numbers exceeded Wall Street’s expectations as well: analysts expected that the company would bring in 40 cents a share in earnings.
“This has been a good quarter with strong results,” Facebook CEO Mark Zuckerberg said in a press release. “We continue to focus on serving our community well and continue to invest in connecting the world over the next decade.”
The company’s user base continues to grow, though its rate of growth – like Twitter’s – has slowed down from where it has been. Facebook reported that it saw an average of 1.35 billion monthly active users in the third quarter of this year, and up 14 percent from the same period a year ago. Year-over-year monthly active user growth was flat from the previous quarter, and quarter-over-quarter growth slowed to 2.3 percent, down from 3.2 percent in Q2.
Facebook’s mobile user growth continued, with the company reporting an average of 1.12 billion mobile monthly active users – roughly 82 percent of the company’s total MAUs. On average, the company saw 456 million users who only access Facebook from their mobile devices.
Average revenue per user rose to $2.40 cents worldwide, the highest in the company’s history and up 40 percent from the year-ago quarter. Almost all of those gains came from the U.S. and Canada, which drew in an average revenue of $7.39 per user. That’s up 95 cents per user from just last quarter. Other markets weren’t nearly as spectacular: Europe was roughly flat from the second quarter of this year, and average revenue per user in Asia rose just 10 cents from last quarter.
Facebook’s stock is down less than one percent in after hours trading following the news, but is roughly flat from where it opened this morning.
The company’s detailed financial results are embedded below.
