May 3, 2017 - Economy & Business

Facebook beats estimates and continues revenue growth

Alessio Jacona / Flickr cc

Despite predicting its own slowdown in revenue growth, Facebook beat expectations and posted $8.03 billion in revenue for the first quarter of 2017, a 49% year-over-year bump. It also beat expectations for earnings per share with $1.04, though the company noted that it has changed how it reports earnings.

Other numbers:

  • Monthly active users: 1.94 billion
  • Daily active users: 1.28 billion
  • Mobile advertising revenue: 85% of total ad revenue, or $6.7 billion, up from 82% a year ago

Facebook's stock price was down by 1-2% in after hours trading.

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