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Facebook quarterly profit surges 186% to $2 billion

Facebook quarterly profit surges 186% to $2 billion

Facebook said Wednesday its profit leapt 186 per cent from a year ago to USD 2 billion, as the world's biggest social network blasted past most analyst forecasts for the second quarter.

Facebook profits surge as user base expands

Facebook profits surge as user base expands

Profit in the first quarter tripled from a year ago to USD 1.5 billion as revenue jumped to USD 5.4 billion from USD 3.5 billion in the same period a year earlier.

Facebook profit falls 9% as costs soar

The company had warned that 2015 would be a year of heavy investment, but analysts have said this is likely to translate into significant revenue streams in coming years.

Facebook revenue growth slows, costs weigh on profit

Facebook Inc posted its slowest growth in quarterly revenue in two years and higher spending on research and development ate into profits.

Facebook faces lawsuit for snooping-on private messages for profit

Meanwhile, a Facebook spokesperson said that the allegations are without merit and the company would defend itself vigorously, Cnet reports.

Facebook to make capital investments worth $1.6 bn in 2013

Social networking giant Facebook, whose user base is expanding primarily on the back of rising penetration in emerging markets like India and Brazil, will make capital investments worth USD 1.6 billion this year.

Facebook's net income, revenue grew in first quarter of 2013

Facebook has said its net income and revenue grew in the first quarter of the year, helped by an increase in mobile ad revenue.

Facebook posts loss despite 32 % rise in revenues in Q3

The firm’s shares surged 10 percent on the New York Stock Exchange (NYSE) because of increased revenues from mobile advertising.