SAN FRANCISCO Facebook Inc posted a better-than-expected 32 percent jump in third-quarter revenue to $ 1.26 billion, as the company reignited advertising growth with the help of gains in mobile.
The company’s shares leapt 7 percent to $ 20.83 in after-hours trading on Tuesday.
Advertising revenue increased 36 percent year-on-year to $ 1.09 billion, but revenue from its payments and other businesses increased just 13 percent to $ 176 million.
The world’s No.1 online social network company posted a net loss of $ 59 million, or 2 cents a share, in the three months ended September 30. It had a profit of $ 227 million or 10 cents a share a year earlier.
Its third-quarter revenue surpassed the average analyst expectation of $ 1.23 billion, according to Thomson Reuters I/B/E/S.
(Reporting by Alexei Oreskovic; Editing by Phil Berlowitz)