Facebook profit surges 76.6 percent as ad sales jump
04 May, 2017, 00:57 | Author: Sam Montgomery
Facebook announced it has beaten analyst expectations for its first quarter results with revenue topping $8bn and quarterly profit up 76.6 per cent.
Revenues for the quarter surged 49 percent to $8.03 billion from $5.38 billion a year ago.
Mobile advertising revenue - Mobile advertising revenue represented approximately 85% of advertising revenue for the first quarter of 2017, up from approximately 82% of advertising revenue in the first quarter of 2016. It wasn't immediately clear if the 77-cent figure corresponded with Q1 2017 earnings of $1.04.
Facebook (FB) this afternoon reported Q1 revenue and net income that was slightly ahead of consensus, but still saw its stock trade lower after market by a little bit. Results came in above what analysts were looking for this past quarter.
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Facebook still makes most of its money in North America, where the company generated $17.07 of revenue with each and every user during the quarter, an increase of 37 percent over the same quarter past year.
Revenue: $8.03 billion vs. $7.83 billion expected, up 49% from the year-ago period. "We're continuing to build tools to support a strong global community".
What's more: Facebook (FB, Tech30) now has 1.28 billion people who use its services every single day, up from 18% year-over-year. But some were already confident Facebook remains on the growth track, partly thanks to rapidly increasing ad revenues at its Instagram photo and video sharing app.
The company is no longer reporting non-GAAP information for expenses, income, tax rate and EPS. Despite the earnings beat, shares in the social network were down 40 cents to $151.19 in after-hours trading.
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When the update arrives to you doesn't only depend on what make and model device you own, but also on your mobile carrier. There is also 64GB of internal storage which can be further expanded via a microSD card upto 256GB.
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It is unknown if these will have special features, but the Korok Mask will shake if you're close to the location of a Korok Seed. So once found, players can use this item to register a travel point on the map that Link can swiftly transport to at any time.
Delegations have visited Tehran from foreign countries including the Czech Republic, hopeful for contracts. They are being supported by the Red Crescent and it is expected that there will have been some deaths.
Elite Daily reached out to a representative for Soules on the allegation, but did not hear back at the time of publication. Soules is a longtime resident of Arlington, IA, where his family owns and operates a farm.
The Bulls' comeback in the third quarter was led by backup point guard Isaiah Canaan but it was Jimmy Butler who evened the score. Jimmy Butler trailed on the play and a frustrated Marcus Smart turned and lightly shoved Butler in the chest.
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Yum Brands shares rise after earnings beat
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Bills Decline 2018 Option On WR Watkins
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