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Facebook revenue growth slows further in Q3, user numbers still growing

Wednesday 31 October 2018 | 08:18 CET | News
Facebook reported a further slowdown in growth in the third quarter. Revenues rose 33 percent to USD 13.7 billion, compared to growth of 42 percent in Q2 and 49 percent in Q1. Net profit increased 9 percent to USD 5.1 billion. Facebook said higher costs and taxes weighed on profits, with the operating margin falling to 42 percent from 50 percent a year ago

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