{"id":9810,"date":"2017-11-01T21:34:12","date_gmt":"2017-11-01T21:34:12","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/facebook-beats-in-q3-with-4-7b-profit-record-share-price-despite-russia.html"},"modified":"2017-11-01T21:34:12","modified_gmt":"2017-11-01T21:34:12","slug":"facebook-beats-in-q3-with-4-7b-profit-record-share-price-despite-russia","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/facebook-beats-in-q3-with-4-7b-profit-record-share-price-despite-russia.html","title":{"rendered":"Facebook beats in Q3 with $4.7B profit, record share price despite Russia"},"content":{"rendered":"


\n<\/p>\n

Facebook is still in the middle<\/a> of its House Intelligence Committee hearing about Russian election interference<\/a>, but the looming concerns over misuse haven\u2019t dampened its business as profits continue to soar and its share price hits an all-time high.<\/p>\n

Still, CEO Mark Zuckerberg saw it fit to break from his traditional \u201cOur business is doing well\u201d script to add \u201cBut none of that matters if our services are used in ways that don\u2019t bring people closer together. We\u2019re serious about preventing abuse on our platforms. We\u2019re investing so much in security that it will impact our profitability. Protecting our community is more important than maximizing our profits.\u201d<\/p>\n

But those changes haven\u2019t hit Facebook\u2019s profitability yet, as it climbed 79% year-over-year to $4.7 billion. Facebook\u2019s\u00a0announced<\/a> Q3 2017 earnings today, continuing its streak of beating estimates. Facebook earned $10.3 billion in revenue and $1.59 GAAP actual earnings per share, compared to estimates of $9.84 billion in revenue and $1.28 EPS. Facebook\u2019s EPS is up 76% year-over-year, showing how efficient of a money-maker it\u2019s become.<\/p>\n

\"\"<\/p>\n

Revenue growth was 47% year-over-year compared to 59% in Q3 2016, which matches Facebook\u2019s warnings that it\u2019s running out of space to show ads. Mobile as a percentage of Facebook\u2019s ad revenue inched up from 87% to 88% this quarter as it reaches a stabilization point in its successful shift to mobile. Average revenue per daily active\u00a0 user reached $7.51 vs $5.95 a year ago. That 26% increase shows how even as Facebook\u2019s daily user growth has grown a more modest 16% over the year, Facebook has found better and better ways to squeeze money out of people.<\/p>\n

As for users counts, Facebook now has 2.06 billion monthly active users, up 3.19% compared to last quarter\u2019s 2.006 billion and 3.4% growth rate. Daily active users reached 1.37 billion, up 3.8% quarter-over-quarter. Facebook\u2019s stickiness, or the percentage of monthly actives users that return each day has stayed flat at 66% since Q1 2016. But that\u2019s actually a great success, since most apps grow less sticky over time as users churn and the less engaged long-tail signs up.<\/p>\n

\"\"<\/p>\n

Facebook\u2019s share price had closed at $182.66 prior to the earnings announcement, and climbed 1.28% in after-hours trading. Facebook has a full war chest in case it wants to make any big acquisitions, with $38.29 billion in cash marketable securities at the end of Q3 2017.<\/p>\n

During the earnings call, Zuckerberg voiced his support for potential government regulation of ads transparency<\/a>, saying he thinks it would be \u201cvery good if it\u2019s done well\u201d, even as Facebook attempts to self-regulate.<\/p>\n

It\u2019s been a grim few months for Facebook in the press, as it has scrambled to improve its abuse detection systems following Russian election interference<\/a>. Meanwhile, it\u2019s scared news publishers with tests of a News Feed that removes all Pages and places them in a separate, buried feed. But prioritizing the user experience has allowed Facebook to continue to thrive amidst its many challenges and widespread public backlash.<\/p>\n

<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunch\/social\/~3\/873zUtLRybc\/<\/p>","protected":false},"excerpt":{"rendered":"

Facebook is still in the middle of its House Intelligence Committee hearing about Russian election interference, but the looming concerns over misuse haven\u2019t dampened its business as profits continue to <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[10,7,14,15,6,12,11],"class_list":["post-9810","post","type-post","status-publish","format-standard","hentry","category-latest-update","tag-computer-news","tag-downloads","tag-microsoft-download-news","tag-networking-updates","tag-technology-update","tag-wordpress-plugin-download","tag-wordpress-theme-download"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t