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Wireless

Facebook grows Q4 revenues 30%, net profit up over 60% as user growth undiminished

Thursday 31 January 2019 | 08:37 CET | News
Facebook's fourth-quarter results showed little signs of a slowdown, with revenues up 30 percent year-on-year to USD 16.91 billion. The company's net profit soared 61 percent to USD 6.88 billion, helped by a sharp fall in its tax bill. Operating profit rose a slower 6 percent to USD 7.82 billion, and the margin fell to 46 percent from 57 percent a year ago. 

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