The number of active users of Facebook (account activity at least once a month) by 1 October reached 1.19 billion (+18 % compared to the same date last year). In this case, 874 million people use it when communicating mobile devices (+6.7 %).
In general, the company Facebook Inc. from the United States, the owner of the world's largest social network, has completed the third quarter with the financial indicators that were better than the average forecast of the market.
According to a press release, in July -September, it posted a net profit of $ 425 million, or 17 cents per share, compared with a net loss of $ 59 million, or 2 cents a share, in the same period last year. Adjusted earnings increased to $ 621 million, or 25 cents a share, compared with $ 311 million, or 12 cents a share, in the third quarter of 2012. Revenue in last quarter was $ 2.016 billion versus $ 1.262 billion a year earlier.
Analysts polled by FactSet, on average, estimated adjusted earnings of 19 cents per share on revenue of $ 1.91 billion of revenue from advertising jumped 66 % to $ 1.8 billion, while revenue from advertising on mobile devices accounted for about 49% of the total compared with 41 % in the second quarter of this year.
Facebook Share prices rose by almost 17% in electronic trading on Wednesday after the publication of the reports, since the financial performance exceeded the expectations. Since the beginning of this year, the capitalization of the company increased by 84%. - 17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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