Thursday, July 28, 2016

Facebook increased its profit in II quarter nearly tripled – Interfax

Moscow. July 28th. INTERFAX.RU – American Facebook Inc., which owns the world’s largest social network, has increased its net profit in the second quarter of 2016 almost tripled. This growth is due, in particular, the increase in advertising revenues of 63%, to $ 6.24 billion

According to a press release of the company, its net profit in January-March, soared 186% -. Up $ 2.06 billion, or $ 0.71 per share, compared with $ 719 million, or $ 0.25 per share, for the same period of 2015. In I quarter profit growth of 195%.

The company’s profit, excluding one-off items rose to $ 2.82 billion, or $ 0.97 per share, significantly above the average forecast of Wall Street analysts at $ 0 . 82 per share

The company’s revenue jumped by 59% – to $ 6.44 billion versus $ 4.04 billion a year earlier. The median forecast of experts for this indicator was $ 6.02 billion. About 84% of revenue from Facebook ads received via mobile devices, in the II quarter of last year, this share amounted to 76%.

The number of active users of social networks (activity accounting recording at least once a month) to the end of June increased by 15% – to 1.71 billion, while users are active on a daily basis, -. 15%, to 1.13 billion

at the same revenue per on the user jumped from $ 2.76 in April-June 2015 to $ 3.82 in 2016.

Facebook Total expenses increased by 33% -. to $ 3.69 billion, the company continued to increase investment in new developments, as well as in marketing.

in the future, Facebook puts on video services and video advertising. “We envision a world in which the video takes the first place, the video is at the heart of our applications and services,” – he said the company’s founder Mark Zuckerberg during a conference call with investors

Facebook Shares for extra trading on Wednesday rose. six percent.

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