Facebook ad revenue hits $10 billion
Facebook has beaten expectations with its Q3 results, although its shares fell due to the 2018 expense forecast.
The company reported a 49% jump in quarterly advertising revenue, reaching above $10 billion for the first time. Total revenue was $10.3 billion, of which $10.1 billion came from advertising.
"Our community continues to grow and our business is doing well," said Mark Zuckerberg.
"But none of that matters if our services are used in ways that don't bring people closer...