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 Facebook Revenue Recognition In The Last Three Months.

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Locas
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Country : Algeria
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Date Registered : 2014-12-18
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PostSubject: Facebook Revenue Recognition In The Last Three Months.    2017-02-05, 11:12 am

Quarterly revenue jumped to 50.8 percent Facebook company continued with major social networks in the world in the use of cell phones and video services.

Mobile advertising formed 84% of total company revenues from ads, which reached 8.63 billion dollars in the fourth quarter ending December 31, compared with 80 percent a year ago.

Analysts had expected on average that the total advertising revenue of $8.31 billion, according to a count of six Street fact company research.

The strong results were dissipated some of the concerns raised after the company warned in November that growth will slow down ads so much probably because of limitations on the total number of ads that the social networking site to show for each user.

Says any markter research expected to reap company Facebook revenues approximating $29.71 billion mobile ads in 2017 by increasing towards 35.2 percent from 2016.

Net profit of the company increased revenue contributors to 3.56 billion dollars, or 1.21 dollars per share from $1.56 billion, or 54 cents a share a year ago.
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