Facebook impervious to scandal as Q1 results of $12 billion easily beat expectations
Fb announced first quarter revenues of $11.97 billion, which simply beat Wall Side road consensus estimates. The corporate controlled to publish expansion in all key metrics, in spite of the continuing information scandals that experience dogged it in fresh months.
Entrepreneurs spent $11.eight billion on commercials on Fb, which used to be up a whopping 50 % vs. a yr in the past. Cell advert income contributed 91 % of that overall or $10.7 billion. A yr in the past, cell contributed 85 % of advert revenues.
Day by day energetic customers had been up (albeit somewhat in North The us) 13 % yr over yr to at least one.45 billion. Per thirty days energetic customers totaled 2.2 billion, additionally up 13 %.
In This fall 2017 Fb had noticed each utilization and engagement declines. Traders had been apprehensive in regards to the continuation of that pattern with this incomes record. On the other hand, their fears seem to have been in large part unfounded.
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