Facebook quarterly revenue beats expectations

Reuters | Updated: 29-04-2021 01:41 IST | Created: 29-04-2021 01:36 IST
Facebook quarterly revenue beats expectations
Representative image Image Credit: ANI

Facebook Inc beat market expectations for quarterly revenue on Wednesday, powered by higher ad spending by businesses during a pandemic-induced surge in online traffic.

Total revenue, which primarily consists of ad sales, rose to $26.17 billion in the first quarter ended March 31, beating analysts' average estimate of $23.67 billion, according to IBES data from Refinitiv.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback