Facebook Q3 2019 Earnings Reveal an Increase in Revenue, Users; Beats Expectations Despite Ongoing PR Issues
https://wccftech.com/facebook-q3-2019-earnings-details/
Facebook (NASDAQ:FB) Q3 2019 earnings are out and despite a tumultuous ride in an attempt to keep its image clean, the social networking giant grew in nearly all areas. The company managed to beat earnings, increase its user base as well as its revenue, so here’s a look at all the details.
According to the details taken from the Facebook Q3 2019 earnings, the social network reached 2.45 billion monthly users, which is up 1.65 percent from 2.41 billion in Q2 2019 when it grew 1.6 percent. Now, it has 1.62 billion daily active users, up 2 percent from 1.587 billion last quarter when it grew 1.6 percent. In terms of revenue, Facebook generated $17.652 billion, with the figure up 29 percent year-over-year, and $2.12 in earnings per share. When it comes to beating expectations, it was a mixed bag from different sources and here’s why.