Facebook Q3 ad revenue will be up 47%, Citi report suggests

A report from Citi Research suggests that Facebook’s next earnings report will show a 47% year-over-year increase in ad revenue.

In addition, at least one agency which manages $1 billion in social advertising spend on the social platform says that combined spend on Facebook and Instagram grew 88% year-over-year in July, and 73% year-over-year in August.

That’s extremely strong performance.

See my post on Forbes for all the details …