Facebook’s third-quarter profit exceeded $ 9 billion

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Facebook Inc., which owns the world’s largest social network, increased its net profit in the third quarter of 2021 by 17%, to $ 9.19 billion from $ 7.85 billion a year earlier, reports “Interfax».

Facebook’s quarterly revenue rose to $ 29.01 billion from $ 21.47 billion a year earlier.

Growth rates for both indicators have slowed compared to the previous quarter, which may be due to the introduction by Apple Inc. new privacy settings for its devices: since April of this year, Apple began to require application owners to ask users for information about what data they are willing to share.

The company’s fourth-quarter revenue forecast was worse than market forecasts, and Facebook Chief Financial Officer David Wehner noted “significant uncertainty surrounding the impact of operating system changes on Apple devices – iOS 14, as well as macroeconomic factors and the impact of COVID-19.”

According to Facebook’s forecast, its revenue in the fourth quarter will be $ 31.5-34 billion, but experts predict this figure on average at $ 34.72 billion.

Source: https://www.dv.ee/ by www.dv.ee.

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