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Photo: Thomas Trutschel/Photothek via Getty Images

Facebook stock was down more than 6% in after-hours trading on Wednesday after the tech giant reported that it beat Wall Street's earnings expectations on revenue, but only marginally beat them on earnings per share.

Why it matters: Despite increased scrutiny around issues like privacy and election security, regulatory setbacks and heightened competition from new apps like TikTok, Facebook has continued to grow its audience and revenue.

By the numbers via CNBC:

  • Earnings (EPS): $2.56 vs. $2.53 per share forecast by Refinitiv.
  • Revenue: $21.08 billion vs. $20.89 billion forecast by Refinitiv.
  • Daily active users (DAUs): 1.66 billion vs. 1.65 billion forecast by FactSet.
  • Monthly active users (DAUs): 2.5 billion vs. 2.5 billion forecast by FactSet.
  • Estimated average revenue per user (ARPU): $8.38, per FactSet

Be smart: Facebook doesn't break out usage for its individual apps other than Facebook, but it does provide a "family of apps" user metric, which represents daily and monthly usage of Instagram, Whatsapp, Facebook and Facebook Messenger. Facebook says both metrics increased roughly 10% year over year.

  • Family daily active people (DAP): 2.26 billion, 1% year-over-year.
  • Family monthly active people (MAP): 2.89 billion, up 9% year-over-year.

The big picture: Facebook encountered several high-profile setbacks over the past quarter, which has resulted in record scrutiny from regulators in the U.S. and abroad. Most notably, policymakers pushed back on its plan to launch its own cryptocurrency, and many industry leaders and politicians slammed the company's decision not to fact-check political ads.

Go deeper: Facebook won't stop letting politicians lie in ads

Go deeper

Miriam Kramer, author of Space
7 hours ago - Science

China makes history with successful Mars landing

A model of the Tianwen-1 Mars rover is displayed during an exhibition at the National Museum of China in Beijing. Photo: Wang Zhao/AFP via Getty Images

A Chinese lander carrying a rover successfully touched down on Mars for the first time, state media reports.

Why it matters: This is the first time China has landed a spacecraft on another planet, and it launches the nation into an elite club of only a few space agencies to successfully make it to the Martian surface.

8 hours ago - World

UN: 10,000 Palestinians displaced in Gaza as Israel-Hamas fighting escalates

A Palestinian woman walks after she collects her belongings inside her damaged house following an Israeli air in the northern Gaza Strip. Photo: Ahmed Zakot/SOPA Images/LightRocket via Getty Images)

The United Nations warned Friday that ongoing fighting between Israel and Hamas "has the potential to unleash an uncontainable security and humanitarian crisis," in not only the occupied Palestinian territories and Israel, but "the region as a whole."

The big picture: More than 125 Palestinians, including 31 children have been killed in Gaza since fighting began Monday, per the Palestinian Ministry of Health. Eight people, including two children, have been killed in Israel, Reuters reported, citing Israeli authorities.