Getty ImagesOnce again, Facebook reported strong quarterly results, with third quarter revenue and earnings that beat analysts’ estimates, highlighting that its business hasn’t been hampered by scrutiny around the social network’s role in enabling meddling in the 2016 presidential election. (Facebook said it has 23,165 employees as of September 30, up 47% from a year earlier, its largest increase in headcount.) Mobile ad revenue represented about 88% of total ad sales in the latest quarter, up from 84% in the same period a year earlier. Facebook’s global ad revenue is expected to total $36.29 billion this year, according to forecasting firm eMarketer, making Facebook the largest ad seller after Google . Facebook reported that third-quarter expenses grew 34% from the same period a year earlier to $5.21 billion.

Source: Forbes November 01, 2017 21:43 UTC