Facebook Made $7 Billion Last Quarter and Now Has 1.79 Billion Monthly Users

Revenue rose 56%, but execs say it might slow

Facebook just can't stop adding friends.

The tech giant yet again beat its quarterly earnings expectations, reporting revenue of $7.01 billion and a total monthly active user base of 1.79 billion. However, shares fell during after-hours trading, after Facebook executives warned of a slowing ad load.

According to Facebook, which released its third-quarter earnings today, revenue increased year-over-year by 56 percent, up from $4.5 billion during the third-quarter of 2015. Earnings per share were $1.09, up from $.57

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in