3Q EARNINGS CALL: Facebook Revenue Up 60%, Reaches 1.19B Monthly Active Users

Facebook reported its third-quarter earnings at the close of business Wednesday, posting revenue of $2.02 billion, up 60 percent from $1.26 billion in the year-earlier quarter, and GAAP (generally accepted accounting principles) net income of $425 million, or $0.17 per share, compared with a net loss of $59 million (-$0.02) in the third quarter of 2012.

Facebook reported its third-quarter earnings at the close of business Wednesday, posting revenue of $2.02 billion, up 60 percent from $1.26 billion in the year-earlier quarter, and GAAP (generally accepted accounting principles) net income of $425 million, or $0.17 per share, compared with a net loss of $59 million (-$0.02) in the third quarter of 2012.

According to the company, its revenue from advertising was $1.8 billion in the third quarter of 2013, up 66 percent from the prior-year period, with mobile advertising revenue representing approximately 49 percent of that total.

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