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.� [ more ]

Tags: costs operating rise profit

Category:Telecommunications

Latest from this category

All news
28.04Rack Gives Back: Compassion in Action
24.04Accelerate Cloud Transformation with a Smart Path to AWS Migration
17.04How Financial Services Can Maximize the Benefits of Operating in Hybrid Cloud
Telecommunications »
01.05Natracare Launches Period Starter Kit
01.05What Youre Reading on Nonwovens-Industry.com
01.05Clean Earth Introduces Enhanced Regulatory Compliance Services
01.05AMCS Transforms Resource and Recycling Operations with its Performance Sustainability Suite at WasteExpo
01.05North American and European Regulators Relax or Drop Climate Disclosure Rules
01.05GFL Q1 Earnings Beat Expectations, Dovigi Addresses U.S. Tariff Impact
01.05Online orders paused and missing items what we know about the M&S cyber chaos
01.05Bay County, Fla. Residents Dispose of 569 Tons of Waste During Disposal Event Weekend
More »