Facebook is announcing its third-quarter earnings Thursday afternoon, with results expected to show the company is recovering from the coronavirus-related economic downturn.Earnings Per Share GAAP: $1.91Facebook is just one of the tech companies, alongside Apple and Alphabet, reporting their third-quarter earnings Thursday. Last week, Snap wasto reveal its revenue and user numbers for Q3, and its better-than-expected results may help to inspire optimism in the numbers to come down the line.
Although the coronavirus pandemic initially signaled a slowdown in digital advertising, the recovering economy has shown a reversed course for digital ad spending. Wall Street expects growth in Facebook's revenue in Q3 2020 as a result. Nevertheless, Facebook is still grappling with criticism it's received over its handling of political content on the platform with less than a week before Election Day. Facebook did face off against a mass advertiser boycott over its policies in Q2 and Q3, but it's unclear whether the movement had a significant detrimental impact on the company's revenue.the benchmark of 3 billion monthly users across its family of apps, which includes Facebook, Instagram, WhatsApp, and Messenger.
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