Facebook: beats consensus in Q2
(CercleFinance.com) - Wednesday evening, Facebook unveiled net profit growth of 31% to 5.
1 billion dollars in the second quarter of 2018, or 1.74 dollars per share, when analysts expected an average of three cents less.
The social media giant's revenue grew 42% to reach 13.2 billion dollars, essentially coming from mobile ads (91% of advertising income), and the average number of monthly users grew 11% to 2.23 billion.
“The group saw a 'break' from previous quarters with a clear slowdown in the growth of new users and a downwards revision of growth forecasts in the second half year”, says Aurel BGC.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1 billion dollars in the second quarter of 2018, or 1.74 dollars per share, when analysts expected an average of three cents less.
The social media giant's revenue grew 42% to reach 13.2 billion dollars, essentially coming from mobile ads (91% of advertising income), and the average number of monthly users grew 11% to 2.23 billion.
“The group saw a 'break' from previous quarters with a clear slowdown in the growth of new users and a downwards revision of growth forecasts in the second half year”, says Aurel BGC.
Copyright (c) 2018 CercleFinance.com. All rights reserved.