Facebook doubles quarterly profit – tixio

San Francisco (AFP) – Faced with strong growth in online advertising, Facebook doubled its earnings last quarter. The profit rose to 10.4 billion dollars – with a turnover of 29 billion dollars, as the US company announced on Wednesday. The Internet giant recorded a 56 percent increase in sales compared to the previous year.

The number of monthly users of the social network rose to 2.9 billion – an increase of seven percent compared to the previous year. In addition, around 3.5 billion people used at least one of the company’s apps, including Instagram, Whatsapp and Messenger.

Despite the profit announcement, Facebook shares fell by around four percent. Because the company warned of weakening growth in the coming months. As reasons, Facebook cited regulatory measures and a change in Apple’s iPhone operating software, which could have a negative impact on the advertising business.

Image: © AFP / Archive Olivier DOULIERY / Facebook-Logo

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AFP

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