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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 ]
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Category:Telecommunications