LIVE: Facebook is about to announce its fourth quarter results 2018 … (FB)

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• Facebook's action soars after surpbading badysts' expectations for the fourth quarter of 2018.
• On Wednesday, the social networking company announced its financial results the previous quarter and did better than expected.
• Its stock price jumped 8% in after-hours transactions.

Facebook dismissed concerns over the scandals and called for a boycott to post solid financial results for the fourth quarter of 2018, pushing its stock up 8% after normal trading hours on Wednesday.

The social networking giant of Silicon Valley has surpbaded Wall Street's expectations in Q4 2018. It has generated a net business turnover of $ 16.91 billion in the last three months of the year , a growth of 30% over the previous year, while its EPS was $ 2.38.

The results are a rare badet for the destroyed social network, which has gone through years of deadly crises. But the numbers show that Facebook has always managed to continue to expand its user base, despite increased scrutiny of the potentially harmful effects of technology and calls for the deletion of their accounts due to Facebook's behavior.

The social network now has 1.523 billion daily active users, slightly more than in the third quarter of 2018, 1.495 billion. And it has also resumed growth in the number of users in Europe, following a decline in early 2018. It now has 2.82 million daily users active on the continent, against 278 million three months earlier.

Here are the key figures:

• Returned: $ 16.91 billion ($ 16.39 billion planned)
• Earnings per share (GAAP): $ 2.38 ($ 2.18 expected)
• Monthly active users: 2.32 billion (in line with expectations)
• Daily active users: 1.52 billion (1.51 billion expected)

Facebook

Like the rest of 2018, the fourth quarter was filled with scandals and upheavals for the social network, ranging from the scrutiny of the spread of misinformation in Brazil by WhatsApp to the seizure of damaging internal documents by Parliament British and racial allegations emanating from a former employee.

Today, 2.7 billion people worldwide use Facebook, WhatsApp, Instagram or Messenger at least once a month, compared to 2.6 billion three months ago.

Facebook's total revenue for 2018 is $ 55.8 billion, up 37% from 2017. And its costs are also rising. Its capital investment for the year is $ 13.9 billion, nearly double the $ 6.7 billion in 2017.

Business Insider covers live Facebook's fourth quarter results of 2018. Refresh this page or click here for the latest updates.

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