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Facebook's earnings have grown - Comparative indicators

26.10.2021,17:54


October 26, Fineko/abc.az. Facebook has announced its financial position for the period from July to September.

ABC.AZ reports that company's income for Q3 reached $29.01 bn (35% more than a year earlier). Facebook earned $21.5 bn during the same period of 2020.

However, Facebook's revenue was below forecast. Thus, in the third quarter of 2021 the company forecast revenue of $29.6 bn.

In the 3rd quarter company's net profit increased by 17% up to $9.2 bn ($7.8 bn for Q3 of 2020).