Facebook Inc (NASDAQ:FB) reported higher third quarter earnings per share (EPS) and revenue as the number of users increased by at least 10%, even as the social media giant was rocked by privacy scandals over the last few months.
The company said EPS in the third quarter came in at $1.76 on net income of $5.137 billion, compared with EPS in the same quarter last year of $1.59 on net income of $4.704 billion. The consensus EPS was at $1.47. Revenue clocked in at $13.727 billion, up 33% from the $10.142 billion in the year-ago quarter. The consensus though was at $13.78 billion.
Revenue in the first three quarters of 2018 was at $38.92 billion, sharply up from the $27.681 billion in the same period a year ago. EPS stood at $5.26 on net income of $15.229 billion, against an EPS in the same period last year of $4.02 on net income of $11.652 billion.
Facebook's daily active users stood at 1.49 billion on average for September 2018, an increase of 9% year-over-year. The monthly active users stood at 2.27 billion as of September 30, 2018, an increase of 10% year-over-year.
Shares of the company rose in the Wednesday premarket by 5.4% to $154.11, having settled 2.91% higher on Tuesday at $146.22.
Facebook has been rocked by a series of privavy scandals, ranging from Cambridge Analytica to the 30 million users whose accounts were hacked.
Facebook is based in Menlo Park, California.
Reporting by Rene Pastor, contactable on [email protected]