Facebook, Inc. [stckqut]FB[/stckqut] has released its third quarter earnings and the numbers look solid on all fronts. That may not be a surprise after the other online and tech earnings we have seen. Still, Facebook reported that revenue was $4.501 billion — up from $3.203 billion last year, and above the $4.37 billion consensus estimate from Thomson Reuters.
Facebook’s adjusted earnings were $2.41 billion with an adjusted operating margin of 54%. That compares to $1.459 billion and 57% a year earlier. The adjusted earnings per share (EPS) was $0.57, versus $0.43 EPS a year ago and versus the consensus estimate of $0.52 EPS.
Of the $4.501 billion in revenues, some $4.299 billion was in advertising – up 45%. Facebook’s total costs and expenses rose by 68% to $3.042 billion. Excluding the impact of year-over-year changes in foreign exchange rates, the company showed that total revenue would have increased by 51%.