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Facebook posts Q3 profit of $5.14-bn

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Dion Global

31 Oct 2018

California-based Facebook's third-quarter profit rose to USD 5.14 billion or USD 1.76 per share from USD 4.71 billion or USD 1.59 per share last year.

Revenues for the quarter surged 33 per cent to USD 13.73 billion from USD 10.33 billion last year.

Daily active users rose 9 percent to 1.49 billion on average for September 2018, while monthly active users also increased 10 percent to 2.27 billion.

Mobile advertising revenues continue to be dominant contributor to ad revenues as it represented 92 percent of advertising revenue for the quarter, up from 88 percent last year. Total advertising revenues surged 33 percent to $13.54 billion.