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Facebook Q1 sales jump over 50% again, pushed by mobile ads

Thursday 4 May 2017 | 09:20 CET | News
Facebook reported yet another quarter of over 50 percent revenue growth in the first quarter, up 51 percent year-on-year to USD 8.032 billion. The net profit almost doubled to USD 3.064 billion from 1.738 billion, with diluted earnings per share soaring over 70 percent to USD 1.04 from 0.60. Ad revenue jumped over 50 percent to USD 7.857 billion, with mobile ad revenue making up 85 percent of the total, up from 82 percent the year earlier. Total costs and expenses lifted 40 percent to USD 4.705 billion, while the operating margin improved to 41 percent from 37 percent.

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