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Wireless

Facebook grows profit 7% in Q4 after sharp rise in operating costs, taxes

Wednesday 29 January 2020 | 22:52 CET | News
Facebook reported a stronger increase in costs than revenue in the fourth quarter, leading to a slowdown in its profit growth. Revenues were up 25 percent to USD 21.1 billion, while operating costs jumped 34 percent to USD 12.2 billion. Along with a sharp increase in taxes, net profit rose just 7 percent, to USD 7.3 billion or USD 2.56 per share. 

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Categories: Internet / Mobile & Wireless
Companies: Facebook
Countries: World
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