Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
Tech
»
1-min read

With 2bn Users, Facebook Profits up 71% in Q2

Riding on increased mobile video ad sales, Facebook stocks hit the record high as total revenue was up 44.8 per cent to $9.32 billion.

IANS

Updated:July 27, 2017, 9:57 AM IST
facebookTwittergoogleskypewhatsapp
With 2bn Users, Facebook Profits up 71% in Q2
Facebook's Rise in Revenues Despite Privacy Scandal (photo for representation)
Loading...
Clocking over two billion monthly active users (MAUs), Facebook has posted a net income of $3.89 billion in the second quarter of 2017 -- up 71 per cent from the same quarter last year. Riding on increased mobile video ad sales, Facebook stocks hit a record high as total revenue was up 44.8 per cent to $9.32 billion, the company said in a statement late Wednesday. "We had a good second quarter and the first half of the year. Our community is now two billion people and we're focusing on bringing the world closer together," said Facebook CEO Mark Zuckerberg.

The daily active users (DAUs) were 1.32 billion on average for June 2017, an increase of 17 per cent year-over-year. Mobile advertising revenue represented approximately 87 per cent of advertising revenue for the second quarter, up from approximately 84 per cent of advertising revenue in the second quarter last year. The growing monetisation of video within the Facebook News Feed and the popularity of photo-sharing app Instagram contributed majorly towards these results.

"Clearly, the biggest driver of growth is, overall, Facebook News Feed. Instagram is making a contribution, and an increasing contribution," Chief Financial Officer David Wehner was quoted as saying in The Guardian. Capital expenditures for the second quarter of 2017 were $1.44 billion. Facebook currently employees 20,658 people -- an increase of 43 per cent year-over-year.

Watch Video: Xiaomi Mi Max 2 Review | Is Big Always Better

| Edited by: Md. Waquar Haider
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results

Live TV