Home Facebook lifts revenues 22% in Q3 on higher-than-expected ad performance, sees headwinds from regulations ahead
 

Keywords :   


Facebook lifts revenues 22% in Q3 on higher-than-expected ad performance, sees headwinds from regulations ahead

2020-10-30 09:15:00| Telecompaper Headlines

(Telecompaper) Facebook reported another set of solid figures for the first quarter, helped by a higher-than-expected growth in advertising sales as people continue to go online more for their shopping amid the coronavirus pandemic. The company noted a number of headwinds however coming ahead, as the number of daily and monthly active users in the US and Canada start to normalise after their peaks in the past quarters. Online shopping trends, and their consequent boost to ad revenue, may change or return more to previous levels. The company also sees targeting and measurement headwinds next year from platform changes, such as on Apple iOS 14, as well as from regulatory changes. Finally and not least, the company said it will closely be monitoring the impact regulation changes in Europe about data transfers may have on Facebook and other companies in the industry. [ more ]

Tags: performance ahead regulations sees

Category:Telecommunications

Latest from this category

All news

»
16.07Trump launches probe into Brazil's 'unfair' trade practices
16.07Atlantic Tropical Weather Outlook
16.07Eastern North Pacific Tropical Weather Outlook
16.07Trip drink ad banned over claim it makes you calm
15.07Stop being negative about savers buying shares, Reeves says
15.07Trump claims tariff deal with Indonesia
15.07Autoneum Introduces Flexi-Light PET
15.07A veterinarians perspective on finisher mortality
More »