Facebook shares were rising +3% in extended trading Wednesday, after the company reported earnings that beat expectations.
For the third quarter, the social network behemoth posted earnings of $2.12 a share, which handily topped analysts' estimates of $1.91.
Quarterly revenue surged +29% year-over-year to $17.65 billion, beating estimates of $17.37 billion.
Average revenue per user came in at $7.26, compared to $7.09 expected by analysts.
As of the end of the third quarter, Facebook’s daily active users of 1.62 billion was an increase of +9% year-over-year. Monthly active users rose +8% year-over-year to 2.45 billion.
According to the company, 2.2 billion people use Facebook, Instagram, WhatsApp, or Messenger every day on average, and around 2.8 billion people use at least one of those apps each month.