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Facebook's revenue, profit grow, but not as fast as its spending

Social media giant's Q3 expenses jumped 62%, against 41% and 11% rises for revenue and profit respectively
Friday, November 6, 2015 - 05:50
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Ms Sandberg says Facebook is willing to spend aggressively on future-facing bets in ad technology.

New York

IT takes money, the adage goes, to make money. And Facebook is spending a lot of dollars to do just that.

The social media giant on Wednesday posted another quarter of robust revenue growth - up 41 per cent in the third quarter from a year earlier to US$4.5 billion -

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