Arab Today, arab today facebook profit down but sees revenue user growth
Last Updated : GMT 16:25:50
Arab Today, arab today
Arab Today, arab today

Facebook profit down, but sees revenue, user growth

Arab Today, arab today

Arab Today, arab today Facebook profit down, but sees revenue, user growth

Facebook profit in first quarter fell by 20% from year ago to $509m
New York - AFP

Facebook said Wednesday that profit in the first quarter fell by 20 percent from a year ago to $509 million, but reported healthy growth in revenue and its user base.

The world's biggest social network said overall revenues jumped 42 percent to $3.5 billion, led by advertising gains, and the key number of monthly active users grew 13 percent from a year ago to 1.44 billion.

 

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