Breaking News

ASUS Announces TUF Gaming BE9400 Tri-Band WiFi 7 Router Razer Unveils Kraken Kitty V3 Line Nikon releases firmware version 2.00 for the Nikon Z6III full-frame mirrorless camera PROGRADE DIGITAL ANNOUNCES NEW 16TB USB 4.0 PRO SSD be quiet! launches Pure Loop 3 LX and Pure Loop 3 AIO

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 Quarterly Profit Fueled by Mobile Ads, No Impact From Analytica Scandal

Facebook Reports Quarterly Profit Fueled by Mobile Ads, No Impact From Analytica Scandal

Enterprise & IT Apr 25,2018 0

Facebook reported high quarterly profit and revenue as the social media company's mobile ad business grew on a major push to add more video content.

The results show that there has been no impact on Facebook's ad business from a scandal over the handling of personal data.

"Despite facing important challenges, our community and business are off to a strong start in 2018," said Mark Zuckerberg, Facebook founder and CEO. "We are taking a broader view of our responsibility and investing to make sure our services are used for good. But we also need to keep building new tools to help people connect, strengthen our communities, and bring the world closer together."

During a three-month period ending March 31, the company's monthly active users rose to 2.2 billion, up 13 percent from a year earlier. Daily active users DAUs were 1.45 billion on average for March 2018, an increase of 13% year-over-year.

Net income attributable to Facebook shareholders rose to $4.99 billion, or $1.69 per share, from $3.06 billion, or $1.04 per share, a year earlier.

Total revenue rose 49 percent to $11.97 billion. Facebook's mobile advertising revenue represented approximately 91% of advertising revenue for the first quarter of 2018, up from approximately 85% of advertising revenue in the first quarter of 2017.

Facebook, which generates revenue primarily by selling advertising personalized to its users, has demonstrated for several quarters how resilient its business model can be as long as users keep coming back to scroll through its News Feed and watch its videos.

But tighter regulation could make Facebook's ads less lucrative by reducing the kinds of data it can use to personalize and target ads to users, although Facebook's size means it could also be well positioned to cope with regulations.

Facebook and Google dominate the internet ad business worldwide. Facebook is expected to take 18 percent of global digital ad revenue this year, compared with Google's 31 percent, according to research firm eMarketer.

Facebook also said it ended the first quarter with 27,742 employees, an increase of 48 percent from a year earlier.

Tags: facebook
Previous Post
Qualcomm's Quarterly Profit Falls 51.5 Percent
Next Post
Philips Momentum 43" HDR Monitor Achieves 1,000 nits of Brightness

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

  • Facebook Buys GIPHY as Part of Instagram Team

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

  • Facebook Reports Increased Number of Removals of Hate speech, Terrorism

  • Facebook Users Accept $550 Million Privacy Deal Over Facebook's “Tag Suggestions”

Latest News

ASUS Announces TUF Gaming BE9400 Tri-Band WiFi 7 Router
Enterprise & IT

ASUS Announces TUF Gaming BE9400 Tri-Band WiFi 7 Router

Razer Unveils Kraken Kitty V3 Line
Consumer Electronics

Razer Unveils Kraken Kitty V3 Line

Nikon releases firmware version 2.00 for the Nikon Z6III full-frame mirrorless camera
Cameras

Nikon releases firmware version 2.00 for the Nikon Z6III full-frame mirrorless camera

PROGRADE DIGITAL ANNOUNCES NEW 16TB USB 4.0 PRO SSD
Consumer Electronics

PROGRADE DIGITAL ANNOUNCES NEW 16TB USB 4.0 PRO SSD

be quiet! launches Pure Loop 3 LX and Pure Loop 3 AIO
Cooling Systems

be quiet! launches Pure Loop 3 LX and Pure Loop 3 AIO

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Pure Base 501

be quiet! Pure Base 501

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