Facebook reported stellar 3Q15 numbers that topped forecasts on almost every metric. 3QEPS came in at $US0.57 (consensus $US0.52). Total revenues were $US4.5 billion, up 51 per cent Y/Y (consensus $US4.3bn).
User growth and engagement continue to grow exponentially while increased ad demand is driving monetisation. Video is the key incremental driver. Instagram ad load growth should provide a larger contribution in 4Q.