Business

Facebook 3Q results fly past expectations

Advertisement

NEW YORK — Facebook, the largest social network, said it earned $425 million, or 17 cents per share, in the July-September quarter, up from a loss of $59 million a year earlier. Revenue grew 60 percent to $2.02 billion, helped by mobile advertising revenue. Analysts, on average, forecast $1.91 billion, FactSet says. Mobile ads accounted for 49 percent of ad revenue in the quarter. In the second quarter, mobile ads were at 41 percent. The increase shows Facebook’s ‘‘mobile-first’’ strategy is paying off.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com