Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Outskill Genai
    HomeNewsWorldInternational ResultsFacebook quarterly profit leaps 79% to $4.7 bn

    Facebook quarterly profit leaps 79% to $4.7 bn

    The leading social network said it made a profit o USD 4.7 billion in the quarter that ended on September 30, compared with USD 2.6 billion in the same period a year earlier.

    PTI
    November 02, 2017 / 09:06 IST

    Facebook reported profits leapt 79 per cent on booming revenue from online ads in the third quarter, topping investor forecasts and buoying shares already at record highs.

    The leading social network said it made a profit o USD 4.7 billion in the quarter that ended on September 30, compared with USD 2.6 billion in the same period a year earlier.

    Chief executive Mark Zuckerberg used the update to reaffirm efforts by Facebook to curb manipulation: "We're serious about preventing abuse on our platforms," he said.

    PTI
    first published: Nov 2, 2017 08:56 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347