wordpress blog stats
Connect with us

Hi, what are you looking for?

84% of Facebook’s Q3 2016 revenues came from mobile ads

Facebook posted a net profit of $3.1 billion for the quarter ended September 2016, showing a 114% year-over-year growth from profits of $1.4 billion in the same quarter last year. Net income grew 166% YOY with $2.3 billion from $896 million in the corresponding 2015 quarter. Note that Facebook’s net profit was $2.05 billion in the previous quarter. For the September ended quarter, the company’s ad revenues were $6.8 billion, a 59% year-over-year change from $4.2 billion in the same quarter last year. Operating metrics: - Daily active users (DAUs) – 1.18 billion for September 2016, an increase of 17% YOY - Mobile DAUs – 1.09 billion for September 2016, an increase of 22% YOY - Monthly active users (MAUs) – 1.79 billion as of 30 September 2016, an increase of 16% YOY - Mobile MAUs – 1.66 billion as of 30 September 2016, an increase of 20% YOY Financials: - Mobile advertising revenue represented 84% of advertising revenue for the third quarter of 2016, up from approximately 78% of advertising revenue in the third quarter of 2015. - Capital expenditures were $1.10 billion. - Cash, cash equivalents and marketable securities were $26.14 billion at the end of this quarter. Video first focus Mark Zuckerberg, the founder and CEO of Facebook said that 1.8 billion people were using Facebook monthly and 1.2 billion people daily. He added that total revenues were growing 56% YOY to $7 billion and ad revenues were up 59% to $6.8 billion. The company will continue…

Please subscribe/login to read the full story.
Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ