In the third quarter, from July 1 to September 30, Facebook made a profit of 9.2 billion dollars (7.9 billion euros). That is 17 percent more than a year earlier. Turnover rose 35 percent to 29 billion dollars (25 billion euros), slightly less than analysts had expected.
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Facebook says the daily number of users active on its social networks (Facebook, Messenger, Instagram and Whatsapp) has risen to 2.81 billion. At the end of June, there were 2.76 billion.
Last year, Facebook was able to take advantage of the lockdowns caused by the covid pandemic: people were forced to make digital contact with others more often. This has not gone unnoticed by advertisers. The company earned $28.3 billion from advertising in the third quarter.
In the fourth quarter, the company expects to generate revenues of 31.5 to 34 billion dollars. That is less than analysts expected. They thought about $34.8 billion.
Apple’s decision to give users of its operating system more control over how their data is collected, among other things, brings “significant uncertainty,” Facebook says. The corona crisis is also an uncertain factor.
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