However, the social-media giant warned Wednesday that uncertainty from regulatory probes and the potential for weaker ad-targeting capabilities related to Apple Inc.’s iOS 14 operating system could hurt its business.
Facebook posted revenue of $28.07 billion, up from $21.08 billion in the final quarter of 2019. Facebook’s profit rose 52% to $11.22 billion, or $3.88 a share. Both measures far exceeded analysts’ projections.
The company has pushed for years to make its platforms essential