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Facebook (FB) reported extremely strong financial results on Wednesday after the close, sending shares sharply higher in after-hours trading.
The social network giant reported EPS of $2.38 compared to $2.18 expected, while revenue of $16.9 billion beat estimates for $16.4 billion. Monthly active users for Facebook and Messenger rose 9% year-over-year to 2.32 billion, slightly beating a 2.31 billion consensus. Daily active users rose 9% to 1.52 billion, in-line with consensus, and they increased in every geographic area. And the closely watched average revenue per user (ARPU) grew 19% year over year to $7.37, outpacing analyst estimates.
“Our community and business continue to grow,” said CEO Mark Zuckerberg in a press release. “We’ve fundamentally changed how we run our company to focus on the biggest social issues, and we’re investing more to build new and inspiring ways for people to connect.”
According to Facebook, more than 2.7 billion people around the world use one or more of Facebook, Messenger, Instagram or WhatsApp each month. That’s up by 100 million quarter over quarter. And over 2 billion people are still said to be using one of the services daily.
In after-hours trading, Facebook shares were up as much as 12% to $168.22. Over the last twelve months, though, shares are down almost 20% amid privacy-related and other scandals.
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