Facebook profits surpass expectations Sky News Arab News



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This comes at a time when social networks are trying to recover from issues of confidentiality and content.

The company's quarterly profit was $ 5.14 billion, or $ 1.76 per share, an increase of 9% over the previous year, compared to the median forecast of USD 1.48 per share.

According to Reuters, the third quarter's total business figure was $ 13.73 billion, up 33% over the same period last year, a figure lower than the median estimate of $ 13.78 billion set by analysts.

The number of users of Facebook's main monthly and daily active base grew by 10% to 2.27 billion and 9% to 1.49 billion, respectively. Estimates were estimated at 2.292 billion and 1.508 billion according to average estimates of Reventiv data.

Total expenses in the third quarter reached $ 7.95 billion, up 53% year-on-year.

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This comes at a time when social networks are trying to recover from issues of confidentiality and content.

The company's quarterly profit was $ 5.14 billion, or $ 1.76 per share, an increase of 9% over the previous year, compared to the median forecast of USD 1.48 per share.

According to Reuters, the third quarter's total business figure was $ 13.73 billion, up 33% over the same period last year, a figure lower than the median estimate of $ 13.78 billion set by analysts.

The number of users of Facebook's main monthly and daily active base grew by 10% to 2.27 billion and 9% to 1.49 billion, respectively. Estimates were estimated at 2.292 billion and 1.508 billion according to average estimates of Reventiv data.

Total expenses in the third quarter reached $ 7.95 billion, up 53% year-on-year.

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