Facebook Ireland records revenues of €94m per day

Facebook's revenue increase was due to growth in advertising revenues from third party customers.

Revenues at the main Irish based unit of social media giant, Facebook last year surged by 34.5% to a record €34.32bn - or an average of €94m per day.

New accounts show that the €8.8bn surge in revenues to €34.32bn contributed to Facebook Ireland Ltd’s pre-tax profits increasing by 33% to €481.88m for 2019.