Facebook has once more exceeded past expectations in its latest quarterly earnings report. According to the below infographic, in Q3, the company posted a year-on-year increase in net income of 79%. Moving up from the $2.6 billion in 2016, the last three months put $4.7 billion in Facebook’s assets. Revenue is also equivalent, with a 47% year-on-year increase to $10.3 billion.
Investors have however been surprised though, driving share prices down by as much as 2% in response to Zuckerberg’s warning that operating expenses in 2018 will rise by up to 60%.
Citing the importance of safeguarding the company’s services from the kind of misuse seen during the 2016 U.S. presidential election, he stated that the company is serious about preventing abuse on their platforms. Protecting the community is more important than just maximizing profits.