The social media company said on Tuesday that its revenue rose 33 percent and profit increased 9 percent for the third quarter from a year earlier, roughly in line with what Wall Street had expected. But revenue growth was down from the 42 percent jump that Facebook had reported in the previous quarter when it had also cautioned that its business was set to decelerate.
Facebook also said its daily active users increased 9 percent from a year earlier to 1.49 billion, compared with 11 percent growth in the previous quarter. Its monthly active users reached 2.27 billion.
Facebook’s shares rose about 1 percent in after-hours trading, after declining steeply over the past few months.
The social network has spent the past 18 months under scrutiny for the spread of disinformation, hate speech, and leaks of user data. Executives have vowed change and Facebook has scrambled to apply fixes, even as new issues surface on an almost weekly basis.
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