The social media giant said that it had $1.32 in earnings per share (EPS) and $9.32 billion in revenue versus consensus estimates from Thomson Reuters that called for $1.13 in EPS and $9.2 billion in revenue.
Facebook with $9.2b revenue, exhibited twice the growth as that of Google in ad sales but it might have hit a ceiling and need more ad space. In Q2, a whopping 87% of advertising revenue was attributed to mobile, up from around 84% in the year-ago period. Monthly active users totaled 2.01 billion, up 17% from a year ago.
During the earnings call, CEO Mark Zuckerberg discussed how he sees artificial intelligence changing Facebook's business.
Overwatch troublemakers to be dealt with 'more aggressively'
Players in the Overwatch League will earn at least $50,000 United States dollars a year, Blizzard today confirmed. Each team must have at least six players but can have up to 12 in the roster.
"Just a year ago, we shared that one billion people around the world use WhatsApp every month". Or rather, it's being deliberate about how it profits from it on its core Facebook app - by limiting the number of ads in its news feed, and in follow-up acts like Instagram, Messenger and WhatsApp.
Fast forward to 2017, and Facebook is taking a more traditional approach: it has started letting marketers place ads inside the Messenger app, while bots take more of a backseat role. Shares are up more than 35 percent in the a year ago.
Facebook told developers and businesses the Messenger ads would only be for brands that people "love" or that offer an "opportunity to discover experiences".
Facebook is upbeat with a strong Q2 2017 earnings report despite slower user growth.
President Trump promises to bring ALL steel jobs back to Youngstown
Trump's statement said that after consulting with the US military, he won't let transgender individuals serve "in any capacity". We need to address the opioid epidemic that is ripping apart families here in OH and across the country.
The Facebook Inc (NASDAQ:FB) growth story apparently has no end.
Analysts on average had expected total ad revenue of $9.02 billion, according to data and analytics firm FactSet. "Video will continue to be a big focus and area of investment for us", he said.
Facebook acquired WhatsApp for $19 billion in 2014.
But doubling down on monetization in Messenger, and then perhaps WhatsApp down the line, will be the last phase in a three-step process, Wehner said. That's because ad load is maxed out across its services, Mr. Wehner said, and the company expects ad impressions from video initiatives to grow relatively slowly as it gets new ad products off the ground.
Devontae Booker to miss extensive time with injury
Should he need longer than six weeks to recover, he will miss the Broncos' season opener again the Chargers on September 11. As of Wednesday afternoon, coach Vance Joseph mentioned Booker being in line to receive reps behind starter C.J.
During the past year, Facebook increased the global headcount by 43% to 20,658. Capital expenditures reached $1.44 billion, while cash and equivalents on hand soared to $35.45 billion, with years of profits giving Facebook an ample war chest to acquire other companies.