The net profit of the US company Facebook Inc (NASDAQ: FB)., which manages the largest social network in the world, increased in the third quarter of 2016 by 2.7 times and amounted to $ 2.379 billion, or $ 0.82 per share, compared with $ 896 million, or $ 0.31 per share, for the same period of 2015, according to a company press release.
The indicator increased due to an increase in advertising revenue.
The earnings excluding one-off items rose to $ 1.09 per share from $ 0.57 per share.
Revenue jumped 56%, or by 1.6 times, to $ 7.011 billion from $ 4.501 billion a year earlier.
Analysts polled by Thomson Reuters, on average evaluated the adjusted profit of the company at $ 0.97 per share on revenue of $ 6.92 billion. Thus, both figures exceeded market expectations for the sixth quarter in a row.
Facebook revenues from advertising increased in the last quarter by 59% and reached $ 6.816 billion, according to reports. About 84% of its revenue from advertising was received from mobile devices, compared with 78% a year ago, and the same level in the second quarter of this year.
The number of active users of social networks (account activity at least once a month) to the end of September increased by 16%, to 1.79 billion, and the number of users that are active on a daily basis - by 17%, to 1.18 billion.
Facebook Total expenses rose 28% in the third quarter, to $ 3.889 billion.
The company's capitalization increased by 22% since the beginning of the current year and is more than $ 371 billion.
However, the shares of Facebook Inc fell 7% after the official closing of the Wednesday session, as the world's largest social network warned of slowing revenue growth in the current quarter, pushing into the second plan the good profit results.
The drop in stock price reflected investors' doubts about the stability of the company's large-scale success, despite the fact that it reported high rates of mobile advertising and a steady growth of its huge network.