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Wireless

Facebook growth slows slightly but sales still up 45%

Wednesday 26 July 2017 | 22:15 CET | News
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Facebook saw its growth slow slightly in the second quarter, with sales up 45 percent year-on-year to USD 9.321 billion compared to over 50 percent in previous quarters. This is in line with the company's previous warning that growth will slow as the ad market saturates. Net profit still increased 71 percent to USD 3.894 billion or USD 1.32 per share, better than market expectations.

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