Breaking News

DJI Breaks Through the Limits of Fixed Aperture with Osmo Action 6 PlayStation’s Black Friday Deals 2025 TerraMaster Black Friday & Cyber Monday 2025 Mega Sale Is Here HighPoint and ASK Corp Redefine 8K Post-Production with Verified 50.5GB/s Gen5 NVMe Storage at Inter BEE 2025 EDIFICE Launches the New ECB-S10 Series

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 Reports Strong Revenue

Facebook Reports Strong Revenue

Enterprise & IT Apr 24,2019 0

Facebook reported higher than expected quarterly revenue on Wednesday, aided by growth in its Instagram business and a surge in advertising sales.

The company said ad sales jumped 26 percent to $14.91 billion in the first quarter. The company’s sales gains are increasingly being driven by photo-sharing app Instagram and advertising in its Stories feature, a Snapchat copycat. Facebook also recently started testing an e-commerce product called Checkout, allowing people to buy products within Instagram, another potential source of revenue via the fast-growing app.

Monthly active users rose 8 percent to 2.38 billion.

Costs jumped 80.5 percent to $11.76 billion, as the company ramped up spending to improve content and security across its platforms.

The company also raised the top end of its provision for losses related to Federal Trade Commission privacy concerns from $3 billion to between $3 billion and $5 billion.

The FTC has been investigating revelations that Facebook inappropriately shared information belonging to 87 million of its users with the now-defunct British political consulting firm Cambridge Analytica.

Total revenue rose 26 percent to $15.08 billion.

Tags: facebookfinance
Previous Post
Microsoft Sales Top Estimates
Next Post
Amazon’s Alexa Data Services Team Can Access Your Home Addresses

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

DJI Breaks Through the Limits of Fixed Aperture with Osmo Action 6
Cameras

DJI Breaks Through the Limits of Fixed Aperture with Osmo Action 6

PlayStation’s Black Friday Deals 2025
Gaming

PlayStation’s Black Friday Deals 2025

TerraMaster Black Friday & Cyber Monday 2025 Mega Sale Is Here
Enterprise & IT

TerraMaster Black Friday & Cyber Monday 2025 Mega Sale Is Here

HighPoint and ASK Corp Redefine 8K Post-Production with Verified 50.5GB/s Gen5 NVMe Storage at Inter BEE 2025
Enterprise & IT

HighPoint and ASK Corp Redefine 8K Post-Production with Verified 50.5GB/s Gen5 NVMe Storage at Inter BEE 2025

EDIFICE Launches the New ECB-S10 Series
Consumer Electronics

EDIFICE Launches the New ECB-S10 Series

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

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

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