social media company Facebookmade a statement about its income in the third quarter of the year. In fact, the company has recently come to the fore with a new scandal. Informant Frances HaugenAccording to one of the leaked documents, the company’s algorithm imposes extreme nationalism on Indian users. It was also alleged that the company fueled the violence in the US Congress raid on January 6.
Among all these developments, the social media company announced its revenue growth in the third quarter of 2021. Here is the latest data…
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Despite everything, Facebook share revenue increased
social media company share sales did not increase as expected in the third quarter. However, the company still enjoyed a net profit. Compared to the same period last year, the company 35% revenue growth by catching $29 billion got sales. However, analysts say that Facebook’s $29.6 billion He expected to win.
Facebook also explained the factor affecting its revenue. Facebook’s ad revenue apple was adversely affected by an innovation in its software. Because with the new software, Facebook has been restricted from sharing user data with advertisers. Still, the company’s net profit rose 17 percent in the third quarter. $9.2 billion output.
Moving on to earnings per share, Facebook’s in the third quarter of 2021. $3.22 rose. In the third quarter of last year, this number $2.71 was. For comparison, the company’s revenue in the third quarter of last year was $21.5 billion. In addition, the net profit in the third quarter of last year was $7.8 billion.
According to Forbes’ news, in the third quarter, the main Facebook application increased by 6 percent in the number of daily and monthly users. Now around the world 2.91 billion people use Facebook using it at least once a month. The company saw a 12 percent increase in the number of monthly users across all its apps.
Finally, the company reported its revenue in the last quarter of this year. $31.5 billion with 34 billion dollars estimated to be between them. Analysts expect this number to be around $34.6 billion. Despite many criticisms and scandals, we see that the income growth of the social media giant continues.