Ron Burgundy Posted November 4, 2015 Share Posted November 4, 2015 Facebook Inc posted a surprisingly strong 40.5 percent jump in quarterly revenue as new advertising services and its mobile app boosted ad sales at the world's largest social network. Third-quarter profit also beat Wall Street's average estimate despite increased spending on Facebook's Messenger and WhatsApp apps and Oculus, its virtual reality business. Ad revenue grew 45.4 percent to $4.30 billion, with mobile ads accounting for 78 percent of the total versus 66 percent in the same quarter last year. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.