Facebook Quarterly Earnings Top Expectations, Ad Revenue Rises 53 Percent - NBC 5 Dallas-Fort Worth
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Facebook Quarterly Earnings Top Expectations, Ad Revenue Rises 53 Percent

"Our business did well in 2016, but we have a lot of work ahead to help bring people together," Zuckerberg said in a statement

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    Facebook Quarterly Earnings Top Expectations, Ad Revenue Rises 53 Percent
    Facebook now has 1.146 billion daily mobile active users.

    Facebook reported quarterly earnings that beat analysts' estimates on Wednesday, and revenue that topped expectations, as ad revenue grew 53 percent in a quarter.

    Shares rose 3 percent after hours.

    Facebook's ad business zoomed higher, as retailers poured money into snagging customers during the busy holiday shopping season. Only Google rivals Facebook when it comes to digital advertising dominance.

    Facebook now has 1.146 billion daily mobile active users.

    Catastrophic Damage in Puerto Rico After Hurricane Maria

    [NATL] Catastrophic Damage in Puerto Rico After Hurricane Maria Pounds the Island

    Hurricane Maria caused widespread flooding and damage after pounding Puerto Rico as a Category 4 storm. Rescue crews have fanned out across the U.S. territory as it tries to rebuild amid an economic crisis.

    (Published Thursday, Sept. 21, 2017)

    "Our business did well in 2016, but we have a lot of work ahead to help bring people together," Zuckerberg said in a statement.