Facebook Struggles In Europe In 3Q
At one point during Facebook’s third-quarter earnings conference call, Chief Financial Officer David Ebersman mentioned that Europe has been a challenge for the social network. Based on the financial results released by the company Tuesday, Ebersman’s comment was an understatement.
At one point during Facebook’s third-quarter earnings conference call, Chief Financial Officer David Ebersman mentioned that Europe has been a challenge for the social network. Based on the financial results released by the company Tuesday, Ebersman’s comment was an understatement.
Facebook broke out overall revenue, ad revenue, and revenue from payments and other sources by geographic region, and Europe consistently underperformed U.S./Canada, Asia, and rest of world, with unfavorable exchange rates mentioned during the earnings call as part of the issue.
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