Facebook (FB) Q3 Earnings Beat, Revenues Up On User Growth
Zacks Investment Research | Oct 30, 2019 10:46PM ET
Facebook (NASDAQ:FB) reported third-quarter 2019 earnings of $2.12 per share that beat the Zacks Consensus Estimate by a whopping 21 cents. The figure increased 20.2% year over year.
Revenues of $16.89 billion comfortably surpassed the Zacks Consensus Estimate of $16.45 billion and rose 28.6% year over year. At constant currency (cc), revenues rallied 30.8%.
Asia-Pacific: The Fastest Growing Market
Monthly active users (MAUs) were 2.449 billion, up 7.8% year over year. Daily Active Users (DAUs) were 1.623 billion on average, increasing 8.6% year over year and representing 66% of MAUs.
Asia-Pacific was Facebook’s fastest-growing market in the quarter, driven by growth in India, Indonesia and the Philippines.
Asia-Pacific DAUs increased 11.8% year over year to 627 million. DAUs in Rest of the World (RoW), Europe and the United States & Canada increased 10.4%, 3.6% and 2.2% to 519 million, 288 million and 189 million, respectively.
MAUs in Asia-Pacific, RoW, Europe and the United States & Canada grew 10.5%, 9%, 3.2% and 2.1% to 1.01 billion, 802 million, 387 million and 247 million, respectively.
The company stated that more than 2.2 billion people now use its “Family” of services, which includes Facebook, WhatsApp, Instagram and Messenger, every day on average. Moreover, almost 2.8 billion people use at least one of its services on a monthly basis.
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