Facebook Reports Third Quarter 2019 Results
 
MENLO PARK, Calif. – October 30, 2019 – Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended September 30, 2019.

"We had a good quarter and our community and business continue to grow," said Mark Zuckerberg, Facebook founder and CEO. "We are focused on making progress on major social issues and building new experiences that improve people's lives around the world."


Third Quarter 2019 Financial Highlights
 
Three Months Ended September 30,
 
Year-over-Year % Change
In millions, except percentages and per share amounts
2019
 
2018
 
Revenue:
 
 
 
 
 
   Advertising
$
17,383

 
$
13,539

 
28
%
   Payments and other fees
269

 
188

 
43
%
Total revenue
17,652

 
13,727

 
29
%
Total costs and expenses
10,467

 
7,946

 
32
%
Income from operations
$
7,185

 
$
5,781

 
24
%
Operating margin
41
%
 
42
%
 

Provision for income taxes
$
1,238

 
 
 
 
Effective tax rate
17
%
 
 
 


Net income
$
6,091

 
$
5,137

 
19
%
Diluted earnings per share (EPS)
$
2.12

 
$
1.76

 
20
%


Third Quarter 2019 Operational and Other Financial Highlights

Daily active users (DAUs) – DAUs were 1.62 billion on average for September 2019, an increase of 9% year-over-year.
Monthly active users (MAUs) – MAUs were 2.45 billion as of September 30, 2019, an increase of 8% year-over-year.
Mobile advertising revenue – Mobile advertising revenue represented approximately 94% of advertising revenue for the third quarter of 2019, up from approximately 92% of advertising revenue in the third quarter of 2018.
Capital expenditures – Capital expenditures, including principal payments on finance leases, were $3.68 billion for the third quarter of 2019.
Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $52.27 billion as of September 30, 2019.
Headcount – Headcount was 43,030 as of September 30, 2019, an increase of 28% year-over-year.
In addition, 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.



1


The following information was filed by Facebook Inc (FB) on Wednesday, October 30, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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