New Facebook like button 6 Empathetic Emoji Reactions printed on white paper. It floated in 2012 and in the same year acquired image-led social network Instagram.
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Just how good was its quarter? As a result, Facebook’s stock naturally rose by 6.5 per cent.
Facebook posted profit of 71 cents per share or $2.1 billion which surpassed analysts’ estimates of 57 cents. That’s right, every day, around the world, 1.03 billion people are logging onto Facebook via their handset or tablet, helped in some part by the growing popularity of its Facebook Lite app in developing countries.
NEW YORK – Boeing, absorbing billions in write-downs related to two of its newest commercial jets and a military fuel tanker, reported its first quarterly loss in almost seven years.
The rise in mobile ad revenue means Facebook makes more money off you than ever before: an average $3.82 per year from each user worldwide, a much-higher average $14.34 per year from North American users. It also hit a significant mobile milestone, with 1bn daily users on smartphones and tablets.
Facebook CEO Sheryl Sandberg said that the company’s focus at the moment is on consumer experience.
Facebook’s growth appears to know few limits. The figure is impressive following Q2 2015 revenue per user of $2.5.
Mobile usage has lead to a huge leap in advertising for this channel.
Mobile advertising revenue accounted for 84% of the company’s total advertising revenue, compared with 76% a year earlier.
Total revenue rose 59.2% to $6.44 billion, compared with the estimate of $6.02 billion.
Revenues for the quarter surged to $6.44 billion from $4.04 billion previous year. Zuckerberg praised the impact that messaging services has had on the company’s growth.
Profit margins increased by 31% – 34%, offsetting the company’s growth expenses. This equals adjusted earnings of US$0.97 per share.
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According to Bloomberg, Facebook’s stock jump also sent the net worth of Zuckerberg, soaring to $US56.4 billion, past that of either Charles or David Koch, oil barons who are worth $US54.8 billion each.
