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Facebook profit jumps 63% in Q1, grows to 2.2 bln monthly users

2018-04-25 22:57:00| Telecompaper Headlines

(Telecompaper) Facebook reported a strong increase in sales and earnings in the first quarter, with growth rates accelerating from the previous quarter. Revenues rose 49 percent year-on-year to USD 11.97 billion, and net profit was up 63 percent to USD 4.99 billion or USD 1.69 per share. 

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