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Facebook user growth slows, revenue still up

Facebook's latest earning report was a case of the social glass half full. User growth is slowing, while revenue is up.

Usable figures

For the ninth consecutive quarter, Facebook topped projected earnings to net US$3.2 billion in revenue for the third quarter of 2014.

Over the same period user growth climbed 2.27% to 1.35 billion monthly users. That's less than the 3.125% growth Facebook enjoyed in Q2.

Mega mobile

Still, the Facebook figures remain satisfactorily gargantuan. Facebook boasts 864 million daily users, of which 703 million are mobile daily users.

Over 456 million Facebookers are now mobile-only, a jump of 14.2% from Q2.

On the flip side. Facebook's mobile growth was 4.67% this quarter, down from the 5.9% rise in the previous three months. 

Blowback

The stock market wasn't overly enthused with the earnings report, which saw Facebook's stock drop 9% following the announcement.

Still, with US$14.25 billion in cash, equivalents, and marketable securities, Facebook probably isn't breaking a sweat just yet.

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