Investing.com – Facebook (NASDAQ:) jumped in post-market trading Wednesday after the social media giant topped earnings and revenue estimates, led by a rise in advertising growth.
The company reported earnings per share (EPS) of $2.12 on revenue of $17.65 billion. Analysts polled by Investing.com expected EPS of $1.90 on revenue of $17.36 billion. That compared to EPS of $1.76 on revenue of $13.73 billion in the same period a year earlier.
Advertising revenue rose 28% to $17.38 billion in the third quarter from a year earlier.
Monthly active users (MAUs), one of the key metrics that analysts use to gauge the health of the company, increased 8% from the year-ago period to 2.45 billion, in line with estimates.
“We estimate that around 2.2 billion people now use Facebook, Instagram, WhatsApp, or Messenger (our ‘Family’ of services) every day on average, and around 2.8 billion people use at least one of our Family of services each month,” the company said.
Facebook (NASDAQ:) shares gained 2.8% in postmarket trading.
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