Facebook Quarterly Earnings Top Expectations, Ad Revenue Rises 53 Percent - NBC Southern California

Facebook Quarterly Earnings Top Expectations, Ad Revenue Rises 53 Percent

"Our business did well in 2016, but we have a lot of work ahead to help bring people together," Zuckerberg said in a statement

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    Facebook Quarterly Earnings Top Expectations, Ad Revenue Rises 53 Percent
    Facebook now has 1.146 billion daily mobile active users.

    Facebook reported quarterly earnings that beat analysts' estimates on Wednesday, and revenue that topped expectations, as ad revenue grew 53 percent in a quarter.

    Shares rose 3 percent after hours.

    Facebook's ad business zoomed higher, as retailers poured money into snagging customers during the busy holiday shopping season. Only Google rivals Facebook when it comes to digital advertising dominance.

    Facebook now has 1.146 billion daily mobile active users.

    US Attorney Lays Out Next Steps After Billion-Dollar Cocaine Bust

    [NATL] US Attorney Lays Out Next Steps After Billion-Dollar Cocaine Bust

    Bill McSwain, United States Attorney for the United States District Court for the Eastern District of Pennsylvania, addressed the media Friday following a billion-dollar cocaine seizure at the Philadelphia seaport.

    (Published Friday, June 21, 2019)

    "Our business did well in 2016, but we have a lot of work ahead to help bring people together," Zuckerberg said in a statement.