• PYMNTS
• 29 Apr, 2021

Revenue for the quarter came in at $26.17 billion for the quarter, up 48 percent year on year, while net income picked up 94 percent to $9.5 billion, from $4.9 billion this time last year. That big revenue bump, according to Facebook, came care of a 30 percent year-on-year increase in ad revenue Facebook enjoyed during the first quarter of 2020 A trend Facebook warned investors would likely ease off as 2021 progresses
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