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Wednesday, October 24, 2012

Social Networking Stock Alert: Facebook (NASDAQ:FB) Soars on Third Quarter Results

New York, New York - October 24, 2012 (Investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors reports on trading for Facebook, Inc. (NasdaqGS: FB), currently a up at $23.61, gaining $ 4.11 or 21.08% as of 12:49PM EDT on volume of over 165 Million shares. The stock had a high of $24.25 following third quarter results.

Facebook is the top percentage gainer on the NASDAQ in morning trading.
Third Quarter 2012 Operational Highlights
  • Monthly active users (MAUs) were 1.01 billion as of September 30, 2012, an increase of 26% year-over-year
  • Daily active users (DAUs) were 584 million on average for September 2012, an increase of 28% year-over-year
  • Mobile MAUs were 604 million as of September 30, 2012, an increase of 61% year-over-year
Third Quarter 2012 Financial Highlights
Revenue - Revenue for the third quarter totaled $1.26 billion, an increase of 32%, compared with $954 million in the third quarter of 2011. Excluding the impact of year-over-year changes in foreign exchange rates, revenue would have increased by 38%.
  • Revenue from advertising was $1.09 billion, representing 86% of total revenue and a 36% increase from the same quarter last year. Excluding the impact of year-over-year changes in foreign exchange rates, advertising revenue would have increased by 43%.
  • Payments and other fees revenue for the third quarter was $176 million, a 13% increase over the same quarter in the prior year and a 9% decline sequentially from the second quarter of 2012.
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