Facebook released its Q3 earnings beating the expectations of analysts which has led to a surge in its share price after the announcement.
The Q3 result showed Facebook reported a revenue of $4.3 billion, a 41% increase year-over-year.
Most of Facebook’s revenue came from Advertising, although it also earned $202 million from payments and other fees.
North America and Europe account for about 75% of Facebook’s revenue, while about 25% of Facebook’s revenue come from Asia Pacific and the rest of the world.
Costs and Expenses:
Facebook incurred costs and expenses of $3.04 billion, while it also spent $1.27 billion on Research and Development.
Monthly Active Users:
The report showed Facebook has a 1.55 billion monthly active users.
Facebook also said that it now has 8 billion views per day. That is double the number of views the company reported in April which was estimated at 4 million views per day.
over 1.5 small businesses posted a video.
900 million people on Whatsapp each month.
400 million people on Instagram each month, and 80 million photos are shared on Instagram everyday.
700 million people on messenger each month.
Facebook now has 12,000 employees in total after adding 1,000 this quarter.