WSJ: The social network’s revenue rose 59% in Q3.
WSJ: The social network’s revenue rose 59% in Q3.
But costs rose 41% during a quarter in which Facebook added roughly 1,200 new employees, most of them through several acquisitions including the $19 billion deal for messaging app WhatsApp and a $2 billion purchase of virtual-reality headset maker Oculus Rift.
On a conference call with analysts, finance chief David Wehner said he expects Facebook to incur higher expenses than normal in the quarters to come, in the wake of big investments in both engineering talent and acquisitions. He expects costs to rise as much as 75% for the year.
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