Facebook had a wildly successful Q3, earning $7.01 billion in revenue and $1.09 EPS.
That’s off of from 1.79 billion monthly users, up 16% year-over-year, and growing 4.67% this quarter, speeding up from 3.63% last quarter.
But shares sunk more than 8% in after hours trading after the company cautioned that spending will grow in 2017 and said that the News Feed is nearly fully saturated with ads.