Advertiser Boycott Had Little Effect on Facebook’s Q3 2020 Revenue, Which Rose 22%

The tech company cited a shift toward ecommerce driven by the pandemic

logo
Facebook reported a 29% year-over-year increase in net income, to $7.846 billion from $6.01 billion. Source: Getty Images

Whatever effect the monthlong boycott of advertising on Facebook in July by dozens of large brands may have had on the company’s third quarter revenue in 2020 was offset by the pandemic-induced shift to ecommerce by many businesses, as Facebook reported strong financial results Thursday after market close.

david.cohen@adweek.com David Cohen is editor of Adweek's Social Pro Daily.
{"taxonomy":"","sortby":"","label":"","shouldShow":""}