HomeSEO & Marketing

Facebook’s Third Quarter Earnings Exceeded $10 Billion for the First Time

Facebook’s Third Quarter Earnings Exceeded $10 Billion for the First Time
Like Tweet Pin it Share Share Email

Facebook founder Mark Zuckerberg announced the company’s statistics.

According to the figures, the company’s profit has increased to $ 4.7 billion, while the company’s revenue has increased to $10 billion for the first time. This quarter, Facebook has been criticized by American politicians.

The US technology companies were criticized by the news about Russian hackers’ impact on the results of the US election. However, this criticism did not affect Facebook business issues.

Mark Zuckerberg says the company’s quarter profit has increased by 79 percent, whereas income has increased by 50 percent.

Total revenue from Facebook’s advertising increased by 49 percent and it was $10.14 billion. 88% of the revenue was from mobile advertising.

In the third quarter, Facebook give the opportunity to advertisers to advertise from which very good results came.



This post has been seen 119 times.
READ  Secret Revealed: How to Earn Money Through freelancing?