Facebook Beats Earnings Expectations With 49% Growth in Q3, Despite Russian Ad Controversy

Lawmakers harshly criticized tech companies for not fixing fake news

Facebook ad revenue grew 49 percent in the third quarter of 2017. Getty Images

Facebook reported another $10.14 billion in advertising revenue in the third quarter even while the company’s top attorney testified in Congress about how Russian operatives bought ads to misinform users before, during and after the 2016 presidential election.

@martyswant martin.swant@adweek.com Marty Swant is a former technology staff writer for Adweek.