Facebook is expected to report its third-quarter earnings today.
Here’s a look at the numbers: Facebook reported its revenue for the quarter was $19.4 billion, up from $19 Billion in the same quarter last year.
Revenue for the third quarter was also up from the previous quarter, when it was $18.8 billion.
The company said it grew its ad revenue by 17% year-over-year, compared with the previous year.
That’s a big reason Facebook is now one of the best-performing tech companies in the world.
But the company also saw its revenue increase by just $1.2 billion.
Facebook said it will have $3.5 billion of cash in the bank by the end of the year.
The results will be announced on Monday at its quarterly conference call.
Facebook shares have gained nearly 25% this year.
Facebook shares are up about 40% since the beginning of the month.
Analysts were expecting Facebook to report a revenue of $18 billion in the quarter, and analysts were expecting revenue of just under $17 billion.
The company reported its second straight year of double-digit revenue growth.
Last year, the company reported a revenue decline of 5% from a year ago.
On Thursday, Facebook said its first quarterly profit was $3 billion, which is the company’s first profit in a quarter since the company was founded in 2003.
In a statement, Facebook CEO Mark Zuckerberg said: “Today marks another significant milestone in Facebook’s history, and a new era of growth for our company.
We have more than doubled the number of users, the number on our platform has increased by more than 50% and our products and services have increased by nearly 50%.
We’re very excited about what this year will bring and the future of our community, and we’re thankful for all of the support we’ve received from our users, friends, partners, advertisers and partners across the world.”