Facebook Quarterly Earnings Top Expectations, Ad Revenue Rises 53 Percent - NBC4 Washington

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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    NEWSLETTERS

    Organ Donation: The Ultimate Gift
    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.

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    [NATL] Sacramento Police Release Body Cam Footage of 12-Year-Old's Arrest

    Police released footage captured on two officers' body cameras during the seven-minute arrest of a 12-year-old boy in Sacramento.

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