Facebook reported net income of $10.2 billion in 2016, up 177 per cent

Started by Admin(Portal), Feb 04, 2017, 10:35 AM

previous topic - next topic
Go Down

Admin(Portal)

Facebook reported net income of $10.2 billion in 2016, up 177 per cent

Los Angeles, Feb 2 (IANS) Facebook reported net income of $10.2 billion in 2016, up 177 per cent from the previous year's total of $3.7 billion.

The online social media giant headed by Mark Zuckerberg, whose businesses include its signature social networking service and apps such as Messenger, Instagram and WhatsApp, said its revenues rose by 54.2 per cent to $27.6 billion, compared with $17.9 billion in 2015, Efe news reported.

In the fourth quarter of 2016, Facebook's net income rose 128 percent to $3.6 billion and revenue climbed 51 percent to $8.8 billion.

Advertising sales, Facebook's main revenue generator, accounted for $26.9 billion of the Menlo Park, California-based company's total revenue in 2016.

Facebook also said it earned $12.4 billion in income from operations last year, nearly double the total from 2015 ($6.2 billion), and that its number of daily active users rose to an average of 1.23 billion, up 18 per cent from the previous year.

The company said its diluted earnings per share totaled $3.49, compared with $1.29 in 2015.

More information - https://in.news.yahoo.com/facebooks-net-income-soars-177-2016-022804020.html
A.SK in short

Go Up
 

Quick Reply

With Quick-Reply you can write a post when viewing a topic without loading a new page. You can still use bulletin board code and smileys as you would in a normal post.

Warning: this topic has not been posted in for at least 120 days.
Unless you're sure you want to reply, please consider starting a new topic.

Note: this post will not display until it's been approved by a moderator.
Name:
Email:
Verification:
Please leave this box empty:

Type the letters shown in the picture
Listen to the letters / Request another image

Type the letters shown in the picture:

shortcuts: alt+s submit/post or alt+p preview
IT Acumens Web Designing Chennai | GinGly :: SMS Backup | CineBuzz :: Latest Cinema News | My Kids Diary :: Kids magical moment
Copyright 2005 - 2019 :: IT Acumens :: All Rights Reserved.
ITAcumens Forum with 2 lakhs post running for 14 years - Powered by IT Acumens Dedicated Server