SAN FRANCISCO: Despite regulatory woes, privacy scandals and backlash from governments the world over, Facebook has once again posted strong results for its third quarter that ended on September 30.
The social networking giant reported a net income of $6.09 billion — compared with $5.14 billion in the year-ago period while revenue jumped 29 percent to $17.65 billion from $13.73 billion a year ago.
Advertising sales accounted for 98 percent of the total revenue.
“We had a good quarter and our community and business continue to grow. We are focused on making progress on major social issues and building new experiences that improve people’s lives around the world,” Facebook CEO Mark Zuckerberg said in a statement late Wednesday.
Daily active users (DAUs) were 1.62 billion on average for September 2019, an increase of 9 percent year-over-year while monthly active users (MAUs) reached 2.45 billion — an increase of 8 percent (YoY).
Mobile advertising revenue represented approximately 94 percent of advertising revenue for the third quarter of 2019, up from approximately 92 percent of advertising revenue in the third quarter of 2018.
Facebook today employs 43,030 people — an increase of 28 per cent year-on-year.
(Agencies)
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