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Profits on Facebook, Q4 2018



Fb FB <p class = "canvas-atom canvas text Mb (1.0em) Mb (0) ) reported better than expected results for the fourth quarter on Wednesday evening, defeating both the top and the bottom line. "Data-reactid =" 15 "> Facebook (FB) reported better-than-expected results for the fourth quarter Wednesday night, defeating both the top and the bottom line.

The number of active users, a key indicator for the industry, was slightly higher than expected by analysts.

Facebook reported 2.32 billion active users and 1.52 billion daily active users. users through Q4. According to Bloomberg forecasts, analysts forecast 2.32 billion active users and 1.51 billion daily active users respectively.

The Social Media giant won $ 2.38 per share, which was higher than expected for $ Wall Street. ] "Our community and business continue to grow," CEO Mark Zuckerberg said in a statement. "We fundamentally changed the way we manage our company to focus on the biggest social problems and invest more in building new and inspiring ways to connect people."

trading. While stocks have been overtaken during the turbulent year, Facebook shares have risen by about 22% of their bottom nights for Christmas. In the latest October earnings call, Zuckerberg was enthusiastic about the growth opportunities through Instagram Stories.

According to Facebook, mobile advertising revenue accounts for 93% of fourth-quarter advertising revenue, up 89% from last year. The company also reports that about 2.7 billion people use Facebook, Instagram, WhatsApp or Messenger every month.

The frightened giant in social media has been under great pressure over the past year, as privacy scandals and disinformation continue to decline

A conference call with Facebook revenue is scheduled for 17:00 ET.

<p class = "canvas-atomic canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) is a Yahoo Finance reporter Follow her on Twitter: @heidi_chung "data-reactid =" 28 "> 19659014] Heidi Chun is a Yahoo Finance reporter. Follow it on Twitter: @heidi_chung . Flipboard LinkedIn and reddit "data-reactid =" 29 "> Follow Yahoo Finance of LinkedIn and reddit . p-class = "canvas-atom canvas-text Mb (1.0e) Mb (0) – sm Mt (0.8e) Repetid = "30"> More from Heidi:

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