Facebook shares slip on weak Q3 user growth and revenue

Facebook shares slip on weak Q3 user growth and revenue

6 years ago
Anonymous $yysEBM5EYi

https://techcrunch.com/2018/10/30/facebook-earnings-q3-2018/

After last quarter’s bloodbath earnings report that cut 20 percent from Facebook’s share price, the social network stumbled in Q3 2018, reaching 2.27 billion monthly users, up 1.79 percent compared to Q1’s slowest-ever growth rate of just 1.54 percent, compared to an 2.29 billion Wall Street estimate. Daily active users hit 1.49 billion, up 1.36 percent compared to Q1’s 1.44 percent, missing the 1.51 billion estimate.

As for Facebook’s business, the company earned $13.73 in revenue, compared to Refinitiv’s consensus estimate of $13.78 billion, and saw $1.76 EPS compared to an estimate of $1.47, making for a mixed report.

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