Facebook quarterly revenue beats estimates


Reuters | Updated: 30-10-2020 02:50 IST | Created: 30-10-2020 01:38 IST
Facebook quarterly revenue beats estimates
Representative image Image Credit: ANI

Facebook Inc beat analysts' estimates for quarterly revenue on Thursday, as more businesses used its digital advertising tools during a pandemic-induced surge in online traffic.

Total revenue, which primarily consists of ad sales, rose to $21.47 billion from $17.65 billion in the third quarter ended Sept. 30, beating analysts' estimates of $19.82 billion, according to IBES data from Refinitiv.

 

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