facebook profit surges as mobile ads soar
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Facebook profit surges as mobile ads soar

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleFacebook profit surges as mobile ads soar

Facebook surpassed quarterly profit
San Francisco - Muslimchronicle

 Facebook surpassed quarterly profit and revenue estimates as the social media giant found more ways to attract advertisers to its mobile app including its centerpiece product, the Facebook News Feed, sending its shares to an all-time high.
Total revenue rose 44.8 percent to $9.32 billion (SR34.96 billion), beating the average forecast of $9.20 billion among analysts.
“In mobile we’re continuing to see great strengths,” Facebook chief financial officer David Wehner said. “We’re seeing more and more ad dollars getting allocated to mobile, and we think that trend will continue,” he said.
Net income attributable to Facebook shareholders rose to $3.89 billion, or $1.32 per share, in the second quarter ended June 30 from $2.28 billion, or 78 cents per share, a year earlier.
Analysts on average had expected earnings of $1.13 per share.
Mobile ad revenue accounted for 87 percent of the company’s total advertising revenue of $9.16 billion in the latest quarter, up from 84 percent a year earlier.
Facebook is expected to generate $36.29 billion in net digital ad revenue this year, a 35 percent jump from 2016, according to research firm eMarketer.
Facebook has not said how much of its revenue is attributable to its Instagram unit, though the photo-sharing app has become a greater focus of its business.
“Clearly, the biggest driver of growth is, overall, Facebook News Feed,” Wehner said. “Instagram is making a contribution, and an increasing contribution.”
Facebook said about 2.01 billion people were using its service monthly as of June 30, up 17 percent from a year earlier.
The social media giant said in June it had surpassed the 2-billion user mark.
In the first quarter, Facebook changed the method it reports earnings, focusing on generally accepted accounting principles
source:Arab News

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

facebook profit surges as mobile ads soar facebook profit surges as mobile ads soar

 



Themuslimchronicle, themuslimchronicle

GMT 09:00 2011 Saturday ,24 December

Elegant “Narciso” Vase Collection

GMT 11:11 2011 Thursday ,22 September

Bumble Ardy

GMT 13:57 2010 Thursday ,30 September

The Ahram \"photo\" and the Western media\'s reaction

GMT 23:01 2017 Monday ,13 November

Air raids on market kill 53 in north Syria town

GMT 06:21 2018 Thursday ,18 January

Suppressing a sneeze can be dangerous

GMT 08:02 2016 Friday ,19 August

Popular Mali radio presenter released

GMT 13:23 2016 Saturday ,09 January

Kyrgios leads Australia to Hopman title

GMT 09:03 2017 Wednesday ,19 July

Convictions in major Thai human trafficking trial

GMT 17:50 2016 Tuesday ,06 December

British services PMI hits 10-month high

GMT 11:33 2017 Friday ,29 December

Zimbabwe unveils generous Mugabe retirement package

GMT 13:58 2011 Tuesday ,12 April

Pakistani prisoners return from India

GMT 13:54 2017 Tuesday ,08 August

Google fires defender of tech gender gap

GMT 06:19 2016 Tuesday ,14 June

LOVE FILA by Marion Bartoli Launches

GMT 11:53 2017 Thursday ,30 November

Michael Jackson's impact on art revealed

GMT 06:36 2017 Tuesday ,24 October

Iran recruits Afghans for Syria fight

GMT 16:25 2017 Monday ,30 January

Muscat Securities Index Gains 12.43 Points
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle