https://wccftech.com/facebook-q1-2019-earnings/

In Facebook’s Q1 2019 earnings report, the social media giant recorded some very strong numbers, albeit all of those might be overshadowed by a potential fine that looms over its head. Despite whispers suggesting that users were leaving Facebook (NASDAQ:FB) in search for a better alternative, it reached 2.38 billion monthly users, up 2.5 percent from 2.32 billion in Q4 2018 when it grew 2.2 percent, and it now has 1.56 billion daily active users, up 2.63 percent from 1.52 billion last quarter when it grew 2 percent. The giant also managed to rake $15.08 billion in revenue, up 26 percent year-over-year compared to Refinitiv’s estimates of $14.98 billion.

Facebook (NASDAQ:FB) recorded earnings per share of $0.85 compared to estimates of $1.63 EPS. However, this reduction in the figures is because Facebook (NASDAQ:FB) has had to keep aside $3 billion separately in order to pay off a potential FTC fine, which is yet to be decided. According to the latest numbers, if we exclude the fine from the variables, Facebook’s EPS would have been $1.89, beating estimates by a considerable margin. Despite this, Facebook (NASDAQ:FB) pocketed $2.429 billion in profit, but this figure is pale in comparison to the $4.988 billion it earned a year ago.