Facebook: another good quarter.
(CercleFinance.com) - The social network has seen its net profits skyrocket by 71% from a year before to 3.
9 billion dollars. Net of one-offs, its earnings per share (EPS) is 1.32 dollars, widely surpassing the average forecasts from analysts of 1.13 dollars.
Revenue has also exceeded expectations, up 45% compared to the second quarter of 2016 to 9.3 billion dollars, against the 9.2 billion anticipated by consensus. Advertising revenue on its own grew to 9.16 billion dollars, representing a 47% leap.
The symbolic threshold of an average of 2 billion users a month has been exceeded and the number of daily active users has climbed as expected by 17% to 1.32 million.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
9 billion dollars. Net of one-offs, its earnings per share (EPS) is 1.32 dollars, widely surpassing the average forecasts from analysts of 1.13 dollars.
Revenue has also exceeded expectations, up 45% compared to the second quarter of 2016 to 9.3 billion dollars, against the 9.2 billion anticipated by consensus. Advertising revenue on its own grew to 9.16 billion dollars, representing a 47% leap.
The symbolic threshold of an average of 2 billion users a month has been exceeded and the number of daily active users has climbed as expected by 17% to 1.32 million.
Copyright (c) 2017 CercleFinance.com. All rights reserved.