Facebook's profit of 48 thousand crores, 61% growth in December quarter
Despite facing a severe investigation due to data privacy, a good increase in Facebook's quarterly profits was recorded. According to the results released a day earlier, the company's profit during the quarter ended December 2018 reached 61 million dollars ($ 48 billion) level with a growth of 61 percent, which was the highest in any quarter in the company so far.
30 percent increase of Revenue
In the December quarter of 2018, revenues rose 30% to $ 16.91 billion (1.20 lakh crore) level. It has the highest 93% share of Ad Revenue. Due to the better quarterly results of Facebook, the company's shares in the US market climbed 12% in After Hour Trading on Wednesday. Due to the upturn in the stock, the company's market capitalization can increase by Rs 3.75 lakh crore.
9 percent increase users
During the fourth quarter of 2018, the number of Facebook users rose by almost 9 percent to 232 million. Facebook earns money through online advertising. Facebook's Co-Founder and Chief Executive Mark Zuckerberg said, 'Our community and business are increasingly growing.'
42 percent increase implied
Zuckerberg said, "We have made extensive changes in the way we run our company. We are investing in new ways to connect with people. "By the end of December 31, the number of Facebook employees was 35,587, which was 42 percent higher than the year before.
Despite facing a severe investigation due to data privacy, a good increase in Facebook's quarterly profits was recorded. According to the results released a day earlier, the company's profit during the quarter ended December 2018 reached 61 million dollars ($ 48 billion) level with a growth of 61 percent, which was the highest in any quarter in the company so far.
30 percent increase of Revenue
In the December quarter of 2018, revenues rose 30% to $ 16.91 billion (1.20 lakh crore) level. It has the highest 93% share of Ad Revenue. Due to the better quarterly results of Facebook, the company's shares in the US market climbed 12% in After Hour Trading on Wednesday. Due to the upturn in the stock, the company's market capitalization can increase by Rs 3.75 lakh crore.
9 percent increase users
During the fourth quarter of 2018, the number of Facebook users rose by almost 9 percent to 232 million. Facebook earns money through online advertising. Facebook's Co-Founder and Chief Executive Mark Zuckerberg said, 'Our community and business are increasingly growing.'
42 percent increase implied
Zuckerberg said, "We have made extensive changes in the way we run our company. We are investing in new ways to connect with people. "By the end of December 31, the number of Facebook employees was 35,587, which was 42 percent higher than the year before.
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