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NEW YORK- In the midst of a series of controversies, Facebook has again disappointed the markets with its third quarter results, both by its turnover and by its number of users, and confirmed the slowdown in growth.
The social network generated net income of $ 5,140 million, up 9%, well below the 31% increase recorded in the previous quarter. And the turnover of 13,720 million was a little lower than forecast.
After losing up to 3% of electronic transactions on Wall Street immediately after the earnings release, stocks rallied, rising 1.22% to $ 148.1 at 21:00 GMT.
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Meanwhile, as of September 30, Facebook had 2.27 billion active users per month (+ 10%), less than the 2.28 billion expected by the markets that analyze the signs of weakness of technological titan. At the end of June, they were 2,230 million.
The number of daily users is also below expectations, with 1,490 million out of the 1,510 expected.
The $ 13,720 million in revenue represents a 33% increase over the third quarter of 2017, confirming a deceleration in growth, which was 42% in the second quarter.
Earnings per share, the benchmark in North America, remains at $ 1.76, well above analysts' expectations.
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Facebook was hit by a stock market crash following its disappointing quarterly results in July, losing $ 120 billion of market capitalization in a single session, unprecedented on Wall Street.
The group is caught in controversies, particularly over the handling of personal data since the scandal Cambridge Analytica, controversies that undermine its image and may alienate the public and advertisers.
The group also recently announced that hackers had compromised the data of 29 million accounts, bringing a new blow to user confidence.
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Similarly, the company is spending time purifying its network of questionable content and stories of political manipulation, particularly in the run-up to major elections, such as US legislation on November 6.
The group had already warned that spending on security and content control would weigh on its profitability. During the quarter, it disbursed € 7,950 million compared to € 5,200 million in the same period last year.
Even before all these scandals, the network had warned in 2016 that its exponential growth would inevitably slow down, especially since it is already saturated with advertising space.
He is also more and more rejected by the younger ones.
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