https://wccftech.com/facebook-nasdaq-fb-q1-2020-earnings-a-story-of-resilience-in-the-face-of-adversity/

Facebook (NASDAQ:FB) has been in the spotlight for a while now as the economic downturn spurred by the spatial distancing measures aimed at curbing the spread of the coronavirus (COVID-19) pandemic pummeled the advertisement industry. With essentially the entirety of Facebook’s revenue coming from advertising, analysts were eagerly anticipating the social media giant’s quarterly earnings to gauge the impact of the broader weakness on its top-line and bottom-line metrics. Well, the company released its quarterly results moments ago and they paint a picture of resilience.

For the three months that ended on the 31st of March 2020, Facebook earned $17.74 billion in revenue, marking a year-over-year increase of 17 percent.