Thursday, November 3, 2016

FACEBOOK : better than expected results but an anticipated slowdown in growth, Le Figaro

(AOF) – The good performance of Facebook is confirmed quarter after quarter. In the third quarter, number one in the world of social networking has achieved a quarterly net profit of 2,379 billion, an increase of 166%. Excluding exceptional items, the earnings per share amounted to 1,09 dollar, in excess of 12 cents the consensus Thomson Reuters. Facebook continues to enjoy strong growth in its advertising revenues.

The group’s turnover has jumped from 56% to $ 7 billion, which is also higher than the expectations of experts who had been expecting 6,92 billion. Advertising sales jumped 59% to $ 6.8 billion. The advertising revenue generated on smartphones and tablets accounted for 84% of the advertising revenue of the group compared to 78% a year earlier.

Facebook also announced that it had 1.66 billion monthly users on mobile to the end of September, up 20% year on year. He claims in addition to 1.09 billion daily users on mobile (+22%).

In total, the group consisted of 1,79 billion monthly users at the end of the third quarter, a 16% increase. The number of daily users is for its part stood at 1.18 billion, up 17%.

The black point of this publication was the announcement by the chief financial officer of Facebook, David M. Wehner, that it anticipated a slowdown in growth in the fourth quarter. The group may not increase as much as in the past the number of ads that pass under the eyes of the users of the social network without the risk of being away.

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