Breaking News

Samsung announces Galaxy Tab S11 and Galaxy S25 FE series TEAMGROUP Launches EXPERT P34F Find My External SSD NIKON RELEASES A NEW SILVER EDITION OF THE Z F FULL-FRAME MIRRORLESS CAMERA JSAUX Showcases Upcoming Switch 2 Ecosystem Solutions Ahead of IFA Berlin 2025 Viltrox Joins the L-Mount Alliance, Expanding Creative Possibilities

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

Samsung announces Galaxy Tab S11 and Galaxy S25 FE series
Smartphones

Samsung announces Galaxy Tab S11 and Galaxy S25 FE series

TEAMGROUP Launches EXPERT P34F Find My External SSD
Consumer Electronics

TEAMGROUP Launches EXPERT P34F Find My External SSD

NIKON RELEASES A NEW SILVER EDITION OF THE Z F FULL-FRAME MIRRORLESS CAMERA
Cameras

NIKON RELEASES A NEW SILVER EDITION OF THE Z F FULL-FRAME MIRRORLESS CAMERA

JSAUX Showcases Upcoming Switch 2 Ecosystem Solutions Ahead of IFA Berlin 2025
Gaming

JSAUX Showcases Upcoming Switch 2 Ecosystem Solutions Ahead of IFA Berlin 2025

Viltrox Joins the L-Mount Alliance, Expanding Creative Possibilities
Cameras

Viltrox Joins the L-Mount Alliance, Expanding Creative Possibilities

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

Terramaster F8-SSD

Terramaster F8-SSD

Noctua NH-D15 G2

Noctua NH-D15 G2

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