Facebook's second quarter results of 2018: full results

Facebook missed analysts' expectations for the second quarter of 2018 in the financial results announced on Wednesday, a rare shortage that dropped the company's stock by more than 10%.

The results come after CEO Mark Zuckerberg warned at the end of 2017 that the company was investing so heavily in safety and security that it could hurt the company in the short term, and the negative reaction of the company. market illustrates the competing pressures of the 34-year-old CEO. was forced to fight with.

His company needs to redeem itself after suffering intense public, political and regulatory backlash on a series of scandals eroding trust – but its investors are thirsty for growth and are easily scared.

The turnover and the number of users also missed analysts' forecasts, although there was a positive point in the form of earnings per share, which exceeded expectations from the street.

Facebook shares soared 10% immediately after the release of the results, before rebounding to a slightly lower level, around 8%, than the day.

Here are the key figures compared to what Wall Street was expecting for the quarter (forecasts via Bloomberg):

• Turnover of $ 13.23 billion up 42% on a year (forecast $ 13.3 billion)
• 2.23 billion monthly active users up 11% year-on-year ($ 2.25 billion) forecast)
• 1.47 billion daily active users up 11% from one year to the next (1.48 million expected)
• Earnings per share ( EPS) of $ 1.74 ($ 1.72 expected)

Business Insider covers live profits, so refresh this page or click here for the latest updates.

Facebook had a few deadly months, spillover from Russian propaganda in the aftermath of the Cambridge Analytica scandal, and fierce controversy over the possibility of allowing false information and the misinformation. on the site.

But that had not already discouraged investors. Its stock hit record highs of over $ 216 on Wednesday before announced profits. Analysts had predicted a burgeoning quarter for the company, because of the meteoric success of Instagram and the strength of its main advertising business. The quarter would be, according to market research firm GBH Insights, a "pivot barometer" to assess the long-term damage of Facebook's business compared to Cambridge Analytica and other worries confidentiality of the data.

Facebook's membership also grew 47% from one year to the next, to 30,275 on June 30, 2018.