Facebook posted its third-quarter financial results. The published report included information on the number of users and income.
Facebook third-quarter report
Facebook is among the most valuable technology companies of today, even though it has lost its former popularity on the social media side. We can say that Facebook’s activities in different fields have a big share in this.
We can say that Facebook, which announced its financial results for the third quarter of 2020, painted a successful picture in this period. In the third quarter, Facebook increased its revenues by 22 percent compared to the same period last year and earned $21.5 billion in revenue. In the third quarter of 2019, Facebook’s revenue was at the level of $17.7 billion.
Facebook also managed to increase its net profit during this period. Facebook, which reported a net profit of 6.1 billion dollars in the same period last year, managed to increase its profit by 29 percent in this period to 7.8 billion dollars. The increase in the company’s net profit also had a positive effect on earnings per share. Facebook’s net profit per share increased from $ 2.12 to $2.71
When we look at the number of users, we see that the number of users has reached 1.82 billion with a 12 percent increase.