Facebook advertising revenue soars 50% to US$11bn, as Zuckerberg claims the business had ‘strong start’ to 2018

Facebook’s advertising revenue has climbed to US$11.795bn in the first quarter of 2018 – up 50% from the US$7.857bn it reported in the corresponding period last year – the company has revealed in its unaudited results.

Founder and CEO Mark Zuckerberg fleetingly acknowledged the recent blowback following the Cambridge Analytica scandal, saying: “Despite facing important challenges, our community and business are off to a strong start in 2018. 

Zuckerberg:”Thank you all for being on this journey with us”

“We are taking a broader view of our responsibility and investing to make sure our services are used for good. But we also need to keep building new tools to help people connect, strengthen our communities, and bring the world closer together.”