Facebook: another good quarter, net income up 166% year-over-year

We had another good quarter” said Mark Zuckerberg, Facebook founder and CEO. Net income up 166% year-over-year.

facebook net incomeFacebook, Inc. (NASDAQ: FB) reported financial results for the quarter ended September 30, 2016.

Third Quarter 2016 Financial Highlights

Total revenue 2016 $ 7,011 mln versus $ 4,501 mln in 2015 up 56% year-over-year
Income from operations 2016 $ 3,122 mln versus $ 1,459 mln in 2015 up 114% year-over-year
Operating margin 2016 45% versus 32% in 2015
Net income $ 2,379 mln in 2016 versus $ 896 in 2015 up 166% year-over-year
Diluted Earnings per Share (EPS) 2016 of $ 0.82 versus $ 0.31 in 2015 up 165% year-over-year

Third Quarter 2016 Operational Highlights

Daily active users (DAUs) – DAUs were 1.18 billion on average for September 2016, an increase of 17% year-over-year.
Mobile DAUs – Mobile DAUs were 1.09 billion on average for September 2016, an increase of 22% year-over-year.
Monthly active users (MAUs) – MAUs were 1.79 billion as of September 30, 2016, an increase of 16% year-over-year.
Mobile MAUs – Mobile MAUs were 1.66 billion as of September 30, 2016, an increase of 20% year-over-year.

Third Quarter 2016 Other Financial Highlights

Mobile advertising revenue – Mobile advertising revenue represented approximately 84% of advertising revenue for the third quarter of 2016, up from approximately 78% of advertising revenue in the third quarter of 2015.

Capital expenditures – Capital expenditures for the third quarter of 2016 were $1.10 billion.
Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $26.14 billion at the end of the third quarter of 2016.

We had another good quarter. We’re making progress putting video first across our apps and executing our 10 year technology roadmap” said Mark Zuckerberg, Facebook founder and CEO.