Facebook Tops 2.7 Billion Monthly Active Users in Latest Quarter
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billboard.comMark Zuckerberg, said revenue was up 11 percent to $18.69 billion and it earned $1.80 a share, up 98 percent year-on-year, as it unveiled its latest quarterly financials after the market close.Facebook was expected to report quarterly earnings of $1.39 a share and revenue of $17.4 billion, according to market data firm Refinitiv."We're glad to be able to provide small businesses the tools they need to grow and be successful online during these challenging times.
And we're proud that people can rely on our services to stay connected when they can't always be together in person," Zuckerberg said in a statement.Advertising revenue was up 10 percent to $18.32 billion, while revenue from payments and other fees was $366 million, up 40 percent.
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