Facebook, Weekly Update
Great Q2 report: Facebook is still attractive – What is new?
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News you want to use week 31.
Facebook reported Q2 revenue that topped Wall Street’s expectations Wednesday, just hours after discussing the $5 billion fine it will pay the US Federal Trade Commission to settle myriad allegations concerning its privacy practices.
Here are the key numbers from Facebook’s Q2 earnings report:
- Revenue: $16.89 billion, up 28% year-on-year (versus $16.49 billion expected)
- Earnings Per Share (EPS) GAAP: $0.91 (versus $1.74 expected, does not compare)
- Daily Active Users: 1.59 billion, up 8% year-on-year (versus 1.57 billion expected)
- Monthly Active Users: 2.41 billion, up 8% year-on-year (versus 2.42 billion expected)
Facebook generated revenues of $16.89 billion for the quarter, up 28% compared to the same time period a year prior.
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