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Facebook stock down slightly after mixed Q3 earnings

Photo illustration: Jaap Arriens/NurPhoto via Getty Images

Facebook's stock was down slightly in after-hours trading Tuesday after the company blew past investor expectations for earnings, but missed on user growth and revenue.

Why it matters: The company advised last quarter that revenue growth rates would decline by high single digit percentages from prior quarters. Revenue was up 33% year over year.

By the numbers, via CNBC:

  • Earnings per share (EPS): $1.76 vs $1.47 estimated, per Refinitiv
  • Revenue: $13.73 billion vs. $13.78 billion estimated, per Refinitiv
  • Estimated daily active users (DAUs): 1.49 billion vs. 1.51 billion estimated, according to FactSet and StreetAccount
  • Monthly active users (MAUs): 2.27 billion vs. 2.29 billion estimated, according to FactSet and StreetAccount
  • Average revenue per user: $6.09 vs. $6.09 estimated, per 2.29 billion, according to Street Account

New: Just as it did last quarter when it shared that 2.5 billion people use at least one of its app every month, Facebook revealed this quarter that 2 billion people use at least one of its apps every day. The monthly user number is now 2.6 billion, it said on Tuesday.

Between the lines:

  • Ad revenue continues to migrate to mobile, with 92% of Facebook's total ad revenue now coming from mobile.
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