One truism that’s emerged from the last few earnings quarters: It’s good to be Facebook. The social media giant beat expectations in Q3, bringing in a whopping $7 billion in revenue. That’s a $2.5 billion year-over-year increase. Net income was $2.34 billion, compared to $896 million one year ago. Adjusted earnings were $1.09 per share; Wall Street had expected $0.96 per share and $6.9 billion in revenue. According to Facebook’s report, the company boasted an average of 1.18 billion daily active users in September, up from 1.01 billion a year ago. And daily mobile active users rose from 894 million to 1.09 billion.
Another notable bit of info to emerge from the Facebook earnings call: According to CEO Mark Zuckerberg, 40 million users are now connected to the internet through Internet.org, Facebook’s Internet accessibility initiative. That’s .05% of the world’s population. Internet.org is designed to bring Internet access to parts of the planet with limited or nonexistent connectivity, particularly in the Third World. The initiative suffered a major setback earlier this year, when a SpaceX rocket exploded on the launch pad, taking Internet.org’s first-ever satellite with it.
