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Wireless

Facebook lifts revenues 22% in Q3 on higher-than-expected ad performance, sees headwinds from regulations ahead

Friday 30 October 2020 | 09:15 CET | News
Facebook reported another set of solid figures for the first quarter, helped by a higher-than-expected growth in advertising sales as people continue to go online more for their shopping amid the coronavirus pandemic. The company noted a number of headwinds however coming ahead, as the number of daily and monthly active users in the US and Canada start to normalise after their peaks in the past quarters. Online shopping trends, and their consequent boost to ad revenue, may change or return more to previous levels. The company also sees targeting and measurement headwinds next year from

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