Published 12:13 IST, October 31st 2019
Facebook profit climbs along with user base
Facebook reported that its quarterly profit grew along with its user base as it grapples with concerns ranging from political ads to cryptocurrency.
null | Image:
self
Advertisement
Facebook on October 30 reported that its quarterly profit grew along with its user base as it grapples with concerns ranging from political ads to cryptocurrency.
leading online social network said its profit topped USD 6 billion on revenue that climbed 28 per cent to USD 17.4 billion in quarter that ended on September 30.
Advertisement
Meanwhile, number of active monthly users increased 8 per cent from a year ago to 2.45 billion.
"We had a good quarter and our community and business continue to grow," said Facebook chief and co-founder Mark Zuckerberg.
"We are focused on making progress on major social issues and building new experiences that improve people's lives around world."
Advertisement
Advertisement
10:59 IST, October 31st 2019