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Stat Attack: Facebook’s getting really, really rich

Much like Trump, there doesn’t seem much that sticks to Facebook.

Fake news, allegations of Russian meddling, phoney accounts – none of made a dent in the social network’s bulbous bottom line.

Monopoly money

Facebook’s Q3 earnings report surprised few by revealing the platform’s earnings hit US$4.7 billion.

However Facebook’s revenue growth for the quarter was 47%, down from 59% in Q3 2016.

Experts say this is because Facebook is simply running out of spaces to jam more ads into.

Power to the people?

Facebook now has 2.06 billion monthly active users, a rise of 3.19% since last quarter. Dailies number 1.37 billion, marking a slightly higher growth of 3.4% since the previous quarter.

Yet the average revenue per daily active user has grown from US$5.95 to US$7.51, an increase of 26%.

Big spenders

Facebook is planning to put its new riches to work.

CFO David Wehner explained Facebook would be boosting its expenses between 45% – 65% next year to cover increased security costs following the Russian allegations.

Gold will also be spend funding original video programming, in addition to Zuckerberg’s two favourite things: AR and VR content and hardware.

Have you found it harder to get ad space on Facebook over the past year? If so, what’s your workaround?

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Ecommerce & Social Commerce Essentials on Thursdays from 10 am – 12 pm AEST

  • Module One: 2022 Ecommerce and social trends, tools, challenges and opportunities
  • Module Two: Driving high-quality traffic to your online store that converts via Search, social, email and more
  • Module Three: Harnessing the power of Customer Relationship Management (CRM) to boost ROI
  • Module Four: Maximising social commerce opportunities within Facebook, Instagram, TikTok & YouTube

2022 Facebook Marketing Masterclass on Fridays from 11 am – 1 pm AEST

  • Module 1: Facebook Marketing trends, benchmarks & opportunities
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  • Module 4: Messaging, Events, Influencers, Groups & Commerce

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