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Facebook exceeds revenue estimates on blistering ad sales growth

Discussion in 'Market News' started by Lily, Jul 27, 2016.

  1. Lily

    Lily Forum Member

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    Hugely popular mobile app and burgeoning video advertising business have helped push Facebook’s quarterly advertising revenue to $6.24bn

    Facebook’s quarterly profit and revenue blew past Wall Street estimates as the company’s hugely popular mobile app and a push into video attracted new advertisers and encouraged existing ones to spend more.

    Facebook shares rose 6.7% in after-hours trading on Wednesday.

    Related: Has your child bought a Facebook app without asking? You can get a refund

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    Tyler16 Member Trader

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