UP

Facebook quarterly revenue beats estimates

Home page Technology
12 Punto 14 Punto 16 Punto 18 Punto
Facebook quarterly revenue beats estimates

Facebook Inc beat analysts’ estimates for quarterly revenue on Thursday, as more businesses used its digital advertising tools during a pandemic-induced surge in online traffic.

Axar.az informs that revenue growth at Facebook, the world’s second-biggest seller of online ads after Alphabet Inc’s Google, has been growing despite an unprecedented advertising boycott and a coronavirus-triggered recession.

A July advertising boycott, which drew the support of major advertisers including Unilever, Starbucks Corp and Coca-Cola Co, sought to pressure Facebook to take more action against hate speech.

Total revenue, which primarily consists of ad sales, rose to $21.47 billion from $17.65 billion in the third quarter ended Sept. 30, beating analysts’ estimates of $19.82 billion, according to IBES data from Refinitiv.

Date
2020.10.30 / 09:51
Author
Axar.az
See also

Germany, Azerbaijan working on new green hydrogen project

SpaceX targets record $75 billion IPO at $135 per share

Sumgayit to host Qarabag in Premier League clash

Elon Musk loses lawsuit against OpenAI

OpenAI beefs up ChatGPT’s image generation mode

QR codes are everywhere – So why haven’t we run out yet?

China is winning one AI race, the US another

SkyDrive to conduct first flying car demo in Tokyo

More personal ChatGPT use could boost ads

NASA targets march 6 for crewed moon mission

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla