Facebook profits soar 90% in strong Q3

Menlo Park, Calif. –- Facebook's net income soared 90% to $806 million in the third quarter of fiscal 2014, up from $425 million in the same quarter a year earlier. A sharp increase in operating income helped drive the net income growth. But the social media giant warned of a big increase in spending in 2015 as it looks to make major investments in growing existing products and buying up new companies.



Revenue was strong, rising 59% to $3.2 billion from $2.02 billion. Revenue from advertising rose 64% to $2.96 billion. Revenue from mobile advertising represented approximately 66% of advertising revenue for the third quarter, up from approximately 49% of advertising revenue in the third quarter of 2013. Payments and other fees revenue was $246 million, a 13% increase.



Daily active users (DAUs) were 864 million on average for Sept. 2014, an increase of 19% year-over-year. Mobile DAUs were 703 million on average for Sept. 2014, an increase of 39% year-over-year. Monthly active users (MAUs) were 1.35 billion as of Sept. 30, 2014, an increase of 14% year-over-year. Mobile MAUs were 1.12 billion as of Sept. 30, 2014, an increase of 29% year-over-year.



"This has been a good quarter with strong results," said Mark Zuckerberg, Facebook founder and CEO. "We continue to focus on serving our community well and continue to invest in connecting the world over the next decade."