Home › Facebook grows profit 7% in Q4 after sharp rise in operating costs, taxes
 

Keywords :   


Facebook grows profit 7% in Q4 after sharp rise in operating costs, taxes

2020-01-29 22:52:00| Telecompaper Headlines

(Telecompaper) Facebook reported a stronger increase in costs than revenue in the fourth quarter, leading to a slowdown in its profit growth. Revenues were up 25 percent to USD 21.1 billion, while operating costs jumped 34 percent to USD 12.2 billion. Along with a sharp increase in taxes, net profit rose just 7 percent, to USD 7.3 billion or USD 2.56 per share. 

Tags: costs operating rise profit

Category:Telecommunications

Latest from this category

All news
04.01From AI Ambition to Enterprise Reality: Your Playbook for Winning the AI Game
Telecommunications »
08.01Feeding 20/20 or 24/24 milk replacers to dairy x beef cross bred calves
08.01Gestation feeding: Setting sows up for success in lactation
08.01Recycling and Reuse Reform Bills Reach Capitol Hill
08.01EU research project tackles threat from HPAI viruses
08.01Colorado Springs Completes Plan to Reduce Waste, Expand Recycling
08.01Heil Introduces Common Body Platform for Proven DuraPack Python and Half/Pack Models
08.01American Biogas Council Announces Board Election Results
08.01Weight loss jabs affecting Greggs, boss says
More »