facebook profit down but sees revenue user growth
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Facebook profit down, but sees revenue, user growth

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Emiratesvoice, emirates voice Facebook profit down, but sees revenue, user growth

Facebook profit in first quarter fell by 20% from year ago to $509m
New York - Arab Today

Facebook said Wednesday that profit in the first quarter fell by 20 percent from a year ago to $509 million, but reported healthy growth in revenue and its user base.

The world's biggest social network said overall revenues jumped 42 percent to $3.5 billion, led by advertising gains, and the key number of monthly active users grew 13 percent from a year ago to 1.44 billion.

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