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Earned on advertising: Facebook dramatically increased profits

The net profit of the social network Facebook in the first quarter of 2018 increased 1.6 times compared to the same period in 2017 and amounted to 4.988 billion dollars. We are talking about this in the company’s report.

Earnings per share for three months was $ 1.69 compared to $ 1.04 a year earlier. Also, the company’s revenue increased 1.5 times, amounting to 11.966 billion dollars. The company’s revenue from advertising amounted to 11.795 billion dollars, which is also 1.5 times higher than the indicator of the first quarter of 2017. Revenues from mobile advertising rose to 91% of all advertising revenues from 85% in the same period last year.

In March, the number of active users of social networks was 1.45 billion people, which is 13% more than in March last year. The average number of active users per month increased by 13% in annual terms – up to 2.2 billion users.

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