The result of the community service Facebook rose clearly from a year ago, although the company's third quarter also included a boycott of advertisers that began in July.
The company announced its interim results late Thursday in Finnish time.
The company’s third-quarter earnings rose 29 percent year-over-year to $ 7.8 billion.
Net sales for the quarter were approximately $ 21.4 billion.
According to the company, people relied on the Internet and social media during their coronavirus pandemic.
According to the company, the service now has 2.74 billion monthly users.
Advertisers who participated in the boycott said Facebook has not done enough to eradicate harmful, false and hostile content from the service.
From next year, Facebook anticipates uncertainty due to, among other things, possible increasing regulation.
Technology giants Amazon and Google’s parent company Alphabet, which reported their interim results on Thursday, also made uptrend results.
Ecommerce giant Amazon said its earnings tripled to $ 6.3 billion a year ago.
Turnover, on the other hand, rose 37 percent to $ 96 billion.
Alphabet’s third-quarter earnings rose to $ 11.2 billion, beating expectations.
Advertising revenues recovered from the early part of the pandemic year, and cloud services and Google Play revenue also contributed to the good result.
- We had a strong quarter, CEO Sundar Pichai summed up.
Twitter user numbers fell short of expectations
Phone maker Apple, meanwhile, reported a decline in iPhone sales, which cut profit by seven percent to $ 12.7 billion from the same period last year.
Net sales were $ 64.7 billion.
Twitter, meanwhile, said its user growth fell short of expectations.
The number of Twitter daily users rose by just one million in the third quarter, as analysts had expected a much larger increase.
In total, Twitter says there are now 187 million daily users.
Twitter's result also declined year-over-year to $ 29 million.