Breaking News

GAMEMAX Unveils NEX C53 Panoramic Chassis be quiet! announces new Power Zone 2 1200W and Pure Power 13 M 1200W Thypoch announces 21mm f/3.5 M Mount Lens ASUS showcases new AI technologies and celebrates 20 years of ROG gaming at CES Prograde Digital Announces Pro Card Caddy

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Facebook’s Quarterly Sales Top Estimates on Strong User Growth

Facebook’s Quarterly Sales Top Estimates on Strong User Growth

Enterprise & IT Oct 30,2019 0

Facebook reported higher than expected quarterly revenue and profit on Wednesday, driven by a steady rise in advertising and user growth.

Facebook is under antitrust investigation by the U.S. Federal Trade Commission, the Department of Justice and a broad group of U.S. state attorneys general. However, the probes haven’t scared off advertisers, though, and sales jumped to the company’s highest ever for any single quarter.

Ad sales jumped about 28% to $17.38 billion in the third quarter. Facebook’s growth is likely being fueled in part by ads inside its Instagram photo-sharing app.

Mobile advertising revenue represented approximately 94% of Facebook's advertising revenue for the third quarter of 2019, up from approximately 92% of advertising revenue in the third quarter of 2018.

Costs surged about 32% to $10.47 billion.

Monthly active users rose to 2.45 billion. In Q3, Facebook added about 35 million new users to its main social network.

Daily active users (DAUs) were 1.62 billion on average for September 2019, an increase of 9% year-over-year.

Facebook estimates that around 2.2 billion people now use Facebook, Instagram, WhatsApp, or Messenger every day on average, and around 2.8 billion people use at least one of the company's services each month.

Net income rose to $6.09 billion in the third quarter ended Sept. 30, from $5.14 billion a year earlier.

Total revenue rose about 28% to $17.65 billion.

Facebook's headcount was 43,030 as of September 30, 2019, an increase of 28% year-over-year.

The company also said Susan Desmond-Hellmann, the company’s lead independent director, is stepping down from the board.

Tags: facebookfinance
Previous Post
AT&T Updates Its Unlimited Wireless Plans
Next Post
DeepMind's Alphastar Achieved a Grandmaster Level at StarCraft II

Related Posts

  • EU Privacy Watchdog Accused of Delaying Probe Procedures Against Facebook

  • Zuckerberg Says Remote Work is Here to Stay

  • Facebook to Launch New Shopping Feature Across Apps

  • EU Tech Chief Demands More From Facebook Regarding Business Practices

  • SoftBank Reports $18 Billion Loss from Vision Fund

  • Panasonic Annual Profit Decreased, Tesla Battery Venture Brings Gains

  • Facebook Buys GIPHY as Part of Instagram Team

  • Facebook Works With Telecoms on 2Africa Subsea Cable for Future Internet Connectivity

Latest News

GAMEMAX Unveils NEX C53 Panoramic Chassis
Cooling Systems

GAMEMAX Unveils NEX C53 Panoramic Chassis

be quiet! announces new Power Zone 2 1200W and Pure Power 13 M 1200W
PC components

be quiet! announces new Power Zone 2 1200W and Pure Power 13 M 1200W

Thypoch announces 21mm f/3.5 M Mount Lens
Cameras

Thypoch announces 21mm f/3.5 M Mount Lens

ASUS showcases new AI technologies and celebrates 20 years of ROG gaming at CES
Gaming

ASUS showcases new AI technologies and celebrates 20 years of ROG gaming at CES

Prograde Digital Announces Pro Card Caddy
Cameras

Prograde Digital Announces Pro Card Caddy

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed