Thursday, October 18, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Debuts 7nm LPP EUV, SmartSSD and 256GB 3DS RDIMM at Samsung Tech Day
How Google's Titan M Security Chip Works
Twitter Discloses Millions of State-backed Tweets and Accounts
Apple Releases Tool to Show You What Data it Has Collected
U.S. Broadcasters to Launch ATSC 3.0 TV In 2020
iPhone XR Available for pre-order on Friday
Facebook Sued Over Hiding Inflated Ad Metrics
Tesla Moves Closer to China With $2 billion Shanghai Gigafactory
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Faceboo...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 25, 2018
Facebook Reports Quarterly Profit Fueled by Mobile Ads, No Impact From Analytica Scandal


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.


Previous
Next
Qualcomm's Quarterly Profit Falls 51.5 Percent        All News        Philips Momentum 43" HDR Monitor Achieves 1,000 nits of Brightness
Chips Power Samsung's Record first-quarter Profit Despite Decline in OLED Sales     General Computing News      China's Pushes into Semiconductor Market

Get RSS feed Easy Print E-Mail this Message

Related News
Facebook Sued Over Hiding Inflated Ad Metrics
Facebook is Reviving 'The Real World' Series
Samsung to Acquire Zhilabs to Expand AI-Based Automation Portfolio
Facebook Bans Misinformation on Voting Methods on Its Sites
Online Political Ads Transparency Project Tackles Archives Built by Social Media Companies
Hackers Stole Phone Number and Email Details of 29 Million Facebook Users
Facebook Removes More than 800 Spam Accounts, Pages
WhatsApp Fixed Video Call Security Bug
Facebook Introduces the Portal Smart Speaker for Messenger Video Calls
Facebook Adds New AI Features to Marketplace
Facebook Says Hackers Did not access Other Sites
Facebook Adds New Tools to Protect People from Bullying and Harassment

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .