Facebook profit up 20 percent to $4.26 bn
Facebook on Wednesday reported that its profit in the final three months of last year climbed 20 percent to $4.26 billion as ad revenue and ranks of members grew.
Revenue in the quarter leapt 47 percent to nearly $13 billion, but expenses also rose as its ranks of employees growing by the same percentage to finish the year at 25,105 workers.
Facebook shares fell more than 4 percent to $179 in after-market trades that followed release of the earnings figures.
© 2018 AFP
Citation:
Facebook profit up 20 percent to $4.26 bn (2018, January 31)
retrieved 28 April 2024
from https://phys.org/news/2018-01-facebook-profit-percent-bn.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.
