Categories AlphaGraphs, Earnings, Technology
Infographic: Facebook (FB) Q3 revenue up 35%, earnings beat estimates
Social media behemoth Facebook, Inc. (NASDAQ: FB) on Monday said its third-quarter revenues and earnings increased sharply, aided by strong demand from advertisers. Earnings also topped expectations. The stock made strong gains in extended trading immediately after the announcement.
Revenues jumped 35% to $29.0 billion in the third quarter, with most of it coming from the core advertising segment. Analysts had forecast a faster growth. The top-line benefited from a 6% increase in daily active users. At the end of the quarter, the company had 2.91 billion monthly active users.
Reflecting the strong revenue growth, net profit climbed to $9.19 billion or $3.22 per share from $7.84 billion or $2.71 per share in the third quarter of 2020. Earnings also exceeded the market’s projection.
Read management/analysts’ comments on Facebook’s Q3 2021 earnings
Facebook’s stock has grown 22% since the beginning of 2021. It closed Monday’s trading higher and gained further in the after-hours session following the earnings release.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
NKE Q2 Earnings Preview: Can Nike maintain the recovery momentum?
Sneaker giant NIKE, Inc. (NYSE: NKE) entered the fiscal year facing heightened competition and shifting consumer preferences. Its upcoming second-quarter results are expected to reflect these evolving industry dynamics and
Earnings Preview: Conagra Brands’ (CAG) sales and earnings projected to decline in Q2 2026
Shares of Conagra Brands, Inc. (NYSE: CAG) rose 1% on Friday. The stock has dropped 7% in the past three months. The branded food company is slated to report its
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
