Is Facebook Growing Fast Enough?

July 25, 2018 by Chris Lange

Facebook, Inc. (NASDAQ: FB) released second quarter financial results after markets closed Wednesday. The social media giant said that it had $1.74 in earnings per share (EPS) and $13.23 billion in revenue, compared with consensus estimates from Thomson Reuters that called for $1.72 in EPS and $13.36 billion in revenue. The same period from last year had $1.32 in EPS and $9.32 billion in revenue.

During the quarter, daily active users (DAUs) were 1.47 billion on average for June 2018, an increase of 11% year-over-year. At the same time, monthly active users (MAUs) were 2.23 billion as of June 30, 2018, an increase of 11%.

Mobile advertising revenue represented roughly 91% of advertising revenue for the second quarter of 2018, up from about 87% of advertising revenue in the second quarter of 2017.

The company did not offer any guidance for the coming quarter. However, there are consensus estimates calling for $1.82 in EPS and $14.25 billion in revenue.

Mark Zuckerberg, Facebook founder and CEO, kept it short and sweet:

Our community and business continue to grow quickly. We are committed to investing to keep people safe and secure, and to keep building meaningful new ways to help people connect.

Shares of Facebook closed Wednesday at $217.50, with a consensus analyst price target of $233.08 and a 52-week range of $149.02 to $218.52. Following the announcement, the stock was down about 8% at $199.66 in the after-hours trading session.

Sponsored: Want to Retire Early? Here’s a Great First Step

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Posted in Media | Comments Off on Is Facebook Growing Fast Enough?