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".
One wonders if Brazile would have told us any of this if Clinton had actually won. "They wanted her to be the nominee", he said. Over a year after the 2016 Democratic National Convention, Donna Brazile is calling Hillary Clinton's nomination into question.
Experienced pacer Tim Southee , Trent Boult , Colin de Grandhomme will be the key in the shortest format. He further remarked that he must be the one bowler who bowled the most number of last overs for India .
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.
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".
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.
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 .
Saipov was confronted by Nash and two other officers, who "observed people down at the scene", Miller said Wednesday. Neighbors said he moved in sometime in the past year and largely kept to himself, though he often jogged outside.
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.
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.
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.