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Facebook announces Q3 report, $3.2 Billion in revenues, but a slower user growth rate

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For a ninth straight quarter, Facebook has beaten Wall Street expectations, to come up with $3.2 Billion in revenues, with a $0.43 EPS. Despite this, it saw a decreased user growth rate of 2.7%, as against 3.125% in the previous quarter.

The social networking giant, now has 864 million daily users, and 703 million mobile daily users. Mobile growth was 4.67% from 1.07 billion to 1.12 billion. This is again, much lower than the 5.9%, which it achieved last quarter. Facebook now has 456 million mobile-only users, which is up 14.2 % from 399 million last quarter.

Facebook’s user growth rate, though decreased, is still quite significant, considering the fact that Twitter, which also announced its earnings report today, registered just 4.8% in its user growth rate.

As as for the monthly active users, Facebook continued to grow in all markets. Although it saw solid growth in the U.S. and Canadian markets, bringing its user base to 206 million, the social networking giant saw a decline in growth in Asia, where it could add up 16 million more MAUs, as compared to 20 Million in the previous quarter.

Editor-at-large and co-founder at The Tech Portal. He is a tech enthusiast with interests in new-age technology fields like Ai, Machine Learning, AR/VR, Outer Space and related stuff. Drop him a mail anytime, very reachable.

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