https://wccftech.com/facebook-q2-2019-earnings/

Facebook’s Q2 2019 earnings show that the social media giant might have had a bad year in terms of PR, but its finances are as good as ever, going by the latest results. The company’s shares were up after the company beat analysts’ expectations regarding earnings and revenue. These numbers are a testimony to the fact that a recent FTC fine, the biggest ever imposed by the agency, had little impact for this current quarter and can potentially mean that Facebook (NASDAQ:FB) is expected to do better in the future.

Let us get down to the numbers first. The company reported EPS of $1.99, as opposed to $1.88 forecast by Refinitiv. At $16.9 billion, revenue is up 28 percent year-over-year. Additionally, the company says it has 1.59 billion daily active users and 2.41 billion monthly active users and each generates revenue $7.05 on average. It is worth noting that this is the combined user base of Facebook, Instagram, and WhatsApp, as the other two are also owned by the social networking giant. Although the user growth rate remained flat in Europe, it grew in the U.S. and Canada.