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Facebook hits $7bn revenues in quarterly review03.11.2016
Facebook is on a high following the release of its Q3 results, reporting revenues of over $7bn for the quarter and a 59% year-on-year rise.
Daily active users were also up 17% year-on-year at 1.18 billion, with mobile daily active users at 1.09 billion on average for September 2016, representing 92% of the total.
Monthly active users were reported as 1.79 billion over the same period, a year-on-year increase of 16%.
“We had another good quarter,” commented Facebook founder and chief executive officer Mark Zuckerberg. “We’re making progress putting video first across our apps and executing our 10 year technology roadmap.”
Mobile ad revenue represented 84% of advertising revenue in the third quarter, up from 78% of advertising revenue in Q3 2015.
Desktop ad revenue was also up 18% at $1.1bn for the quarter, which Facebook attributed to a solution it had implemented for ad blocking software, preventing members from blocking ads on the site.