Facebook announced its third quarter earnings today, which shows that it has 1.01 billion daily average users. This number shows the phenomenal growth the company has this year. This figure shows 17 percent growth from the third quarter of last year. The report shows the massive internet presence of this social network.
The Facebook shares have jumped over five percents after hours trading as it has beaten Wall Street’s analysts expectations. The company has reported $4.5 billion revenue and the profit of $1.46 billion. Both these numbers are 40 percent more over the same period of the previous year.
The mobile plays the large part in Facebook revenues, as now mobile platform have 78 percent of all advertising revenues, as compared to 66 percent of last year’s third quarter. All these numbers shows that Facebook doesn’t show any sign of stopping and the company is growing enormously day by day.
Facebook has not revealed any details about the earnings of its photo sharing platform Instagram, though investors are hpoing to get to know few details about Instagram revenues. Facebook’s CEO Mark Zuckerberg said, “We had a good quarter and got a lot done. We’re focused on innovating and investing for the long term to serve our community and connect the entire world.”