Facebook: another fantastic quarter.
(CercleFinance.com) - Facebook is continuing to beat records, as reflected in the group's Q3 accounts, which were unveiled last night and which once again were well above expectations.
It's a far cry from when the social network stock was struggling on the stockmarket. Used to reporting fantastic results, Mark Zuckerberg's baby, continued with this trend in Q3 2017. Indeed, the group reported earnings that soared 79% y-o-y to 4.71 billion dollars, or 1.59 dollar per share, against 90 cents a year earlier and just 1.28 dollar predicted by analysts.
The group's earnings were supported by the development of advertising revenue in videos.
Meanwhile, global revenues climbed 47.4% to 10.33 billion dollars, i.e. 490 million dollars above expectations, including 10.14 billion dollars in advertising revenue (+49%). "88% of this revenue comes from ads on mobile devices," which saw their revenues increase 57% year-on-year, broker Aurel BGC said this morning.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
It's a far cry from when the social network stock was struggling on the stockmarket. Used to reporting fantastic results, Mark Zuckerberg's baby, continued with this trend in Q3 2017. Indeed, the group reported earnings that soared 79% y-o-y to 4.71 billion dollars, or 1.59 dollar per share, against 90 cents a year earlier and just 1.28 dollar predicted by analysts.
The group's earnings were supported by the development of advertising revenue in videos.
Meanwhile, global revenues climbed 47.4% to 10.33 billion dollars, i.e. 490 million dollars above expectations, including 10.14 billion dollars in advertising revenue (+49%). "88% of this revenue comes from ads on mobile devices," which saw their revenues increase 57% year-on-year, broker Aurel BGC said this morning.
Copyright (c) 2017 CercleFinance.com. All rights reserved.