Facebook’s share price fell about 5 percent after the company released its second-quarter flash report in the second half of the week. The company reported results that exceeded analysts’ expectations, which also outpaced Apple’s and Microsoft’s, and the management also forecast a slowdown in revenue growth for the rest of the year, which rather overshadowed investor sentiment
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In the April-June quarter, Facebook’s revenue jumped 56 percent year-over-year to $ 29 billion, exceeding analysts’ expectations of $ 27.9 billion. This is the strongest year-on-year growth for the company since 2016, by the way. The dynamic revenue growth is driven by more (6 percent) and higher-priced (47 percent) ads sold.
Revenue per user rose to $ 10.12, well above analysts ’expectations of $ 9.66. . Even more spectacularly, Facebook’s profit grew 101% in the second quarter to $ 10.4 billion, far exceeding the industry average in terms of profit growth
Number of active users per day 1.91 billion people, an increase of 7 percent from a year earlier, according to analysts ’expectations. The number of active users per month has also increased by 7 percent in the past one year to 2.9 billion. However, growth has not been so slow in this area for at least three years. The reason for this is to be found in the fact that the pandemic completely disrupted the growth cycle, i.e. while many people kept in touch with each other through social platforms at the time of closures, a significant number of them fell sharply after opening. All services (Messenger, Instagram, WhatsApp) have 3.51 billion active users per month, ie who have used the service at least once a month.
In addition, Facebook Chief Financial Officer David Wehner announced that The “regulatory pressure” on Facebook and changes in the privacy practices of some platforms could have a significant negative impact on annual growth rates. No wonder investors are very upset …
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