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What happened
Social Network Actions Facebook (NASDAQ: FB) jumped on Thursday after the release of its first quarter results after market close on Wednesday. The stock rose 8.7%. But at 11:43 am EDT, the stock is up 6.7%.
The publication showed a strong performance of the social network – both financially and from a user point of view.
Facebook CEO Mark Zuckerberg. Source of the image: Facebook.
So what
Facebook's first quarter revenue grew 26 percent year-over-year to reach $ 15.08 billion, exceeding analysts' consensus forecasts of a $ 1.5 billion gain. business of $ 14.98 billion. Earnings per share for the period were $ 0.85, or $ 1.89 excluding the $ 3 million accumulated as a result of a Federal Trade Commission inquiry into the platform. of society and user data practices. The adjusted figure was higher than the average estimate of $ 1.63 set by analysts.
At the conference on corporate results, CEO Mark Zuckerberg notably stated that his Stories experiments on Facebook, Messenger, WhatsApp and Instagram now had more than half a billion active users per day.
Now what
Management has stated that it is still expecting a deceleration in its business growth rate from one year to the next, in constant currency, throughout the year. of the year. However, management has expressed optimism about the potential for monetizing its Stories format, noting that 3 million advertisers use Stories.
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