Facebook reported 3Q19 numbers recently. In general, they exceed consensus estimates very easily, with revenues of $17.65 billion outstripping expectations of $17.37 billion, and diluted EPS of $2.12 beating the estimated number of $1.76.
Importantly for a platform company that requires a ‘network effect’, the family of apps user metric (Facebook, Instagram, WhatsApp, or Messenger) also ticked up to 2.2 billion daily (from 2.1 billion) and 2.8 billion monthly (from 2.7 billion).
Yes, 2.2 billion people use one of FB’s products daily. That is actually stunning, but it is a metric that continues to grow.