Facebook reported weak revenue growth for more than six years on Wednesday, but its quarterly profits largely outperform estimates, assuring investors of the impact of higher costs. .
The action of the world's largest social network earned nearly 9% to $ 163.30 for trading outside the session after the closure of Wall Street. The title ended the regular progression session of 4.3%.
Facebook's net profit reached $ 6.88 billion, or $ 2.38 per share, in the fourth quarter, versus $ 4.27 billion (a quarter per share) a year later. early. Analysts with average expected earnings per share of $ 2.19 according to IBES-Refinitive.
Sales for the quarter rose 30 percent to 16.91 billion dollars from 12.97 billion dollars a year ago. The consensus was given at $ 16.39 billion.
Its growth was not as low as the second quarter of 2012.
"The worst is over for this giant for social networking," said Harris Anwar, an analyst at Investment.com. "The ad activity and the engagement of the users were not affected by any obstacles last year."
NUMBER OF SERVICES ALWAYS PROGRESS
In recent months, Facebook has raised promises to improve the privacy and security of its users' data after a series of scandals over the use of personal data and suspicions of ideological propaganda that damaged its image. and were the target of more research around the world.
On the stock market, the group's shares lost one-third of its value since July, when it first aroused the slowdown in the growth of its revenues and its operating margin. Its price remains close to its lowest level in two years.
"We fundamentally changed the way we run our business to focus on key social issues and invest more in developing new and inspiring ways to connect people," said Mark, founder and CEO. Zuckerberg.
In the fourth quarter, costs jumped 62 percent over a year to $ 9.09 billion, primarily as a result of spending on improved security and improved content.
The operating margin fell to 46% from 57% the previous year.
The number of active users of the Facebook application grew by 9% over the last three months of 2018 to 2.32 billion, a progression in line with the expectations of the consensus IBES-Refinitive.
According to Facebook, more than 2.7 billion people use at least once a month one of their applications, compared with 2.6 billion in the previous quarter.
Munsif Vengattil in Bangalore and Katie Paul and Parees Dave
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