San Francisco: Facebook Wednesday reported that its quarterly profit grew along with its user base as it grapples with concerns ranging from political ads to cryptocurrency.
The leading online social network said its profit topped $6 billion on revenue that climbed 28 per cent to $17.4 billion in the quarter that ended September 30.
Meanwhile, the number of active monthly users increased 8 per cent from a year ago to 2.45 billion.
“We had a good quarter and our community and business continue to grow,” said Facebook chief and co-founder Mark Zuckerberg.
“We are focused on making progress on major social issues and building new experiences that improve people’s lives around the world.”