Facebook advertising revenue up 27% y-o-y in 2019
The Daily Active Users count stood at 1.66 billion on an average for December 2019, an increase of 9% year-over-year
Facebook Inc. has released its financial results for the quarter and full year ended December 31, 2019.
"We had a good quarter and a strong end to the year as our community and business continue to grow," said Mark Zuckerberg, Facebook Founder and CEO. "We remain focused on building services that help people stay connected to those they care about."
Facebook’s advertising revenue has grown 27 per cent year-on-year. While in 2018 it was $3 million, in 2019 the advertising revenue stood at $5 million.
Its total revenue stands at $70,697 million for 2019.
The Daily Active Users count stood at 1.66 billion on an average for December 2019, an increase of 9% year-over-year.
Monthly Active Users were 2.50 billion as of December 31, 2019, an increase of 8% year-over-year.
Capital expenditures, including principal payments on finance leases, were $4.24 billion and $15.65 billion for the fourth quarter and full year 2019, respectively.
