Facebook Sales Top Estimates, Fueled by Mobile Advertising
- Profit tops estimates even as investments climb higher
- Daily average users exceeds 1 billion for first time
Facebook Notches Another Quarter of Beating Estimates
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Facebook Inc. notched another quarter of revenue that beat estimates after stepping up its mobile-advertising efforts.
The company running the world’s biggest social network reported third-quarter sales of $4.5 billion, compared with the $4.37 billion average analyst estimate, according to data compiled by Bloomberg. There are now 1.01 billion daily visitors checking on other people and sharing status updates, the company said in a statement Wednesday. Monthly users jumped 14 percent to 1.55 billion.