Ad revenue was up 68% YoY, from $6.8 billion to just over $10 billion, with mobile ad revenue comprising roughly 88% of ad revenue for the quarter, a 4% increase from this time past year.
The social network reported a net profit of $4.71bn for the quarter, up 79% year-on-year.
Away from the financials, Facebook'sdaily active users (DAUs) and monthly active users (MAUs) saw a YoY increase of 16 per cent. DAUs were 1.37bn on average for September 2017, while MAUs were 2.07bn as of 30 September.
Still, considering its revenue rose almost 50% to $10.3 billion, this past quarter, Facebook has money to burn.
"None of that matters if our services are used in ways that don't bring people closer together - or if the foundation of our society is undermined by foreign interference", Zuckerberg said to investors.
"With the backdrop of Facebook, Google, and Twitter in front of the Senate Intelligence Committee on Wednesday, and generally increasing discussion of regulatory scrutiny of mega-cap tech, Facebook and Mark Zuckerberg in particular placed heavy emphasis on security and the integrity of the Facebook platform" during the company's post-earnings conference call, JPMorgan analyst Doug Anmuth wrote in a note to clients Thursday. We're investing so much in security that it will impact our profitability. "Protecting our community is more important than maximising our profits", he said. EPS (GAAP): $1.59 vs. $1.28 expected, up 77% from the year-ago period.
Investors, however, it seems did not like the profitability outlook as the stock was down in after-hours trading despite the fantastic earningsreport.
The analyst added that some investors might be anxious that the probed into Russian Federation meddling with U.S. politics will result in regulation on social networks that might hurt profitability. The Company's products include Facebook, Instagram, Messenger, WhatsApp and Oculus.
"I asked specific questions, I got vague answers, and that just won't do", she told the companies.
The one challenge the popular social media website faces is how it will be able prevent fake news, and how that could impact the company's operations. "What they did is wrong, and we are not going to stand for it".
Jimmy Drake says he drove his son every day to the train terminal in Hoboken so he could catch a train to his job in the city. Argentine President Mauricio Macri mourned the loss of his countrymen in a post on Twitter late on Tuesday night.
We won't have to suffer through that long a wait if Marvel Entertainment president Dan Buckley has his way. The company now has a deal with Netflix that includes several shows like Daredevil and Jessica Jones .
Medical experts with the March of Dimes say babies who survive an early birth often face serious and lifelong health problems. In Louisiana, African American women accounted for 15.6 percent of preterm births, 50 percent higher than all other women.
It's within Uluru-Kata Tjuta National Park, which also includes the 36 red-rock domes of the Kata Tjuta formation. Climbing on Australia's iconic Uluru landmark will be banned from October 2019, authorities said on Wednesday.
Carr plans to convene the Federal-Provincial Task Force on Softwood Lumber in the coming days to discuss developments. The group alleges Canadian wood is heavily subsidized and imports are harming US mills and workers.
Spacey apologized hours later, saying he didn't remember the encounter and was "deeply horrified" by Rapp's story. Spacey's woes began after he was accused by actor Anthony Rapp , 46, of sexual misconduct dating back to 1986.
Super Mario Odyssey now enjoys a 97 professional rating and 8.9 user score on Metacritic , a popular reviews aggregate site. For now, Super Mario Odyssey offers a ton of enjoyable gameplay, and hours' worth of secrets to hunt down.
One death has been reported in connection with the faulty fire extinguishers, the Consumer Product Safety Commission reports. Following the recall, Kidde released a statement saying, "customer safety is our first priority".
Putin also held a separate meeting with Iran's Supreme Leader Ali Khamenei. "Both Russia and Iran are under American pressure". I would like to stress that we are working with Iran in a very productive way.