Facebook didn’t let regulatory and political controversies stop it from raking in a whole lot of cash during the third quarter, with the social network reporting Wednesday it easily topped Wall Street’s earnings expectations.
The company posted $2.12 earnings per share, equalling $6.1 billion in profit and surpassing analyst expectations of $1.91 EPS. Facebook also increased revenue 29% year-over-year to $17.7 billion, beating the $17.25 billion in sales analysts projected.
Daily active users hit 1.62 billion by the end of Q3, marking a 9% year-over-year increase. Facebook entered the quarter with 1.59 billion DAUs. Facebook’s monthly user base swelled to 2.45