Facebook has said it will be increasing its spending which could affect revenues in the next quarter
The news sent shares in the social network southbound by 10% in after hours trading, directly following the firm’s announcement that expenses will rise 75% next year.
Facebook’s third quarter revenues were $3.2bn (£1.98bn), however, ahead of analysts’ predictions.
Facebook CFO Dave Wehner said that the firm us preparing for a 55-75% rise in expenses next year, where it will be investing in acquisitions such as Whatsapp, Oculus and services which have yet to be announced.
Wehner said: "We believe that we have very substantial growth opportunities in front of us and we plan to invest aggressively to capitalise on those opportunities."
The firm also witnessed a 90% profit increase over the same period in 2013, reaching $806m.
This growth was propelled by Facebook’s advertising business, with its mobile adverts accounting for 66% of its total advertising revenue.
