Facebook stock rises on better-than-expected revenue and earnings

2.45 billion vs. 2.45 billion forecast by FactSet.Facebook reported revenue growth of 29% from a year earlier, marking the third straight quarter of sub-30% expansion. Competition in the online ad market has increased, in particular withbecoming a bigger player, but Facebook is finding more avenues for ad growth at Instagram and through new formats like Stories.

Facebook said it counts more than 2.8 billion monthly users across the its family of apps, up slightly from the previous quarter. Its user base in Europe increased to 288 million from 286 million daily active users in the prior quarter. In the U.S. and Canada, users rose to 189 million from 187 million a quarter earlier.

Wehner said the 2020 deceleration should be "less pronounced." According to analysts, revenue growth will slow next year to 22% from 26% in 2019.

Boo

Because the traitor Zuckerberg is making money off of the Russians!!

Should Facebook change its policies just because a handful of partisan political attention seekers want it to? NO.

There’s big money in posting politicians’ lies. breakupbigtech

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Facebook Shares Up on Better-Than-Expected Q3 EarningsDespite regulatory headwinds, Facebook continues to grow: The social networking giant revealed better-than-expected Q3 earnings Wednesday, and detailed continued user growth for both its core app a… Facebook shares up on better-than-expected Q3 earnings. ❤️🥺😃🎃💕
La source: Variety - 🏆 108. / 63 Lire la suite »

Might Stories Be The Revenue Story Behind Facebook’s Earnings?Facebook is expected to strong report gains in year-over-year revenues as social-media titan’s new products power ad sales; regulatory worries still persist.
La source: Forbes - 🏆 394. / 53 Lire la suite »

Apple earnings: $3.03 per share, vs $2.84 EPS expectedApple's stock rose after reporting Q4 earnings that beat expectations. iPhone sales were down 9% year-over-year, but total revenue was up. because their phones are too damn expensive and the same every time 🤷‍♂️ mcm_ct You do know expectations were lowered by enough to beat right, so how is this good? Once again the CNBC Clown Show spin on better than expected... Does the network have any dignity? No position.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Here's what every major analyst expects from Facebook earningsWall Street analysts predict what will happen with Facebook's earnings report after the bell. Boycott Facebook immediately Nothing. Been a minute since I last saw SaraEisen on closing bell.
La source: CNBC - 🏆 12. / 72 Lire la suite »