Earnings Buzz: Facebook, (NASDAQ:FB)

Earnings Buzz: Facebook, (NASDAQ:FB)

- in Business & Finance
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During Wednesday’s afternoon trade, Shares of Facebook, Inc. (NASDAQ:FB), gained 1.38% to $104.

Today after the market close, Facebook, Inc. (FB) stated financial results for the quarter ended September 30, 2015.

“We had a good quarter and got a lot done,” said Mark Zuckerberg, Facebook founder and CEO. “We’re focused on innovating and investing for the long term to serve our community and connect the entire world.”

Third Quarter 2015 Operational Highlights

  • Daily active users (DAUs) – DAUs were 1.01 billion on average for September 2015, an improvement of 17% year-over-year.
  • Mobile DAUs – Mobile DAUs were 894 million on average for September 2015, an improvement of 27% year-over-year.
  • Monthly active users (MAUs) – MAUs were 1.55 billion as of September 30, 2015, an improvement of 14% year-over-year.
  • Mobile MAUs – Mobile MAUs were 1.39 billion as of September 30, 2015, an improvement of 23% year-over-year.

Third Quarter 2015 Other Financial Highlights

  • Mobile advertising revenue – Mobile advertising revenue represented about 78% of advertising revenue for the third quarter of 2015, up from 66% of advertising revenue in the third quarter of 2014.
  • Capital expenditures – Capital expenditures for the third quarter of 2015 were $780 million.
  • Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $15.83 billion at the end of the third quarter of 2015.
  • Free cash flow – Free cash flow for the third quarter of 2015 was $1.41 billion.

Facebook will host a conference call to talk about the results at 2 p.m. PT / 5 p.m. ET today.

In other news, Marc Andreessen, an insider and also director of the popular company Facebook Inc made a big transaction, which can’t remain hidden. He sold 309,464 shares of the firm with the transaction having a market value near $31,850,978 U.S. Dollars – based on an average price of $102.9 per share. In the last month, he also sold shares worth about $ USD. This information is as shown in a SEC 4F filing dated November 3, 2015. Now, he owns a total of 1.37 million shares or 0.05% of Facebook Inc’s market capitalization (total value of the shares outstanding).

Since February 25, 2015, the stock had 0 insider purchases, and 74 selling transactions for $242.62 million net activity. Athwal Jas sold 30,000 shares worth $3.06 million. Stretch Colin sold 1,000 shares worth $98,710. Cox Christopher K sold 5,778 shares worth $561,622. Schroepfer Michael Todd sold 31,283 shares worth $3.00 million. The insider Fischer David B. sold 15,000 shares worth $1.43 million.

Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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