Net profit of Facebook in the 9 months decreased by 5%

Net profit of Facebook in the 9 months decreased by 5%


Net profit of the world’s largest social network fell to 2,127 billion, diluted earnings per share amounted to 0,75 0,86 dollar against the us dollar January-September 2014.

MOSCOW, 5 Nov. Net profit of the world’s largest social network Facebook for the first nine months of 2015 decreased by 5% yoy to 2,127 billion, according to a press release from the company.

Diluted earnings per share amounted to 0,75 0,86 dollar against the us dollar January-September 2014. Revenues of the social network amounted to 12,087 billion, which is by 40.3% more than for the same period in 2014. The decrease in net profit is due to increased in 1.77 times and cost overheads to 8,422 billion.

The company’s net income for the third quarter amounted by the end of the reporting period 896 million, an increase of 11.1%. Diluted net profit for the reporting period amounted to 31 cents per share vs $ 0.3 a year earlier. The experts expected the indicator at the level of 52 cents. Revenue for the quarter increased 40.5% to 4,501 billion.

The company’s quarterly revenue from advertising totaled 4,299 billion dollars, which is 45% higher than the third quarter of 2014. Excluding changes in currency exchange rates the rate could increase by 57%, according to the company. Revenue from advertising on mobile devices for the quarter was approximately 78% of total revenue from advertising, according to the release.

The number of daily active users of the social network in September 2015 increased by 17% compared with last year and amounted to $ 1.01 billion, 894 million of whom accessed Facebook from mobile devices (up 27% yoy). The number of active users in September grew in annual terms by 14% to 1.55 billion users.

“We had a good quarter, and we did a lot. We focus on innovation and investing in the long term,” said founder and CEO of Facebook mark Zuckerberg.