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Earnings on Facebook, Q4 2018



<p class = "atomic-atom-payment-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – cm" type = "text" content = "FacebookFB) showed better results on Wednesday evening than expected, with victories on both the highest and lowest scores. "data-reactid =" 15 "> Facebook (FB) posted K-4 results better than expected, the upper and lower lines.

Revenues during the fourth quarter were estimated at $ 16.91 billion. A consensus among analysts was about $ 16.39 billion in revenue.

The number of active users, key industry metrics, was slightly higher than what was expected by analysts.

Facebook posted 2.32 billion monthly active users and 1.52 billion daily active users during Q4. According to Bloomberg estimates, analysts predicted 2.32 billion monthly active users and 1.51 billion active users daily.

Social media giant earned $ 2.38 per share, which was higher than $ 2.18 a share predicted at Wall Street.

"Our community and business continue to grow," said Mark Zuckerberg's executive director in a statement. "We basically changed how we lead our company to focus on the biggest social problems and invest more in order to create new and inspiring ways to connect people."

Facebook shares rose 7 percent in trade after the market. While the shares were beaten during a tumultuous year, Facebook shares rose by about 22 percent since their fall on Christmas Eve.

Investors also watched the advertising of monetization, specifically on WhatsApp and Instagram Stories. On the last earnings came in October, Zuckerberg was enthusiastic about the opportunities for growth through Instagram stories.

According to Facebook, mobile advertising revenue accounted for 93% of advertising revenue for Q4, a jump of 89% last year.

In addition, the company announced that about 2.7 billion people use Facebook, Instagram, WhatsApp or Messenger every month.

The globalized social media giant has been under great pressure over the past year, as scandals for data protection and disinformation continue to diminish the feeling.

A Facebook call conference call is scheduled for 5 am. ET.

<p class = "atomic-atom-payment-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – cm" type = "text" content = "Heidi Chung is a journalist at Yahoo Finance. Follow her on Twitter: @heidi_chung."data-reactid =" 28 ">Heidi Chung is a journalist at Yahoo Finance. Follow her on Twitter: @heidi_chung.

<p class = "atomic-atom-payment-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – cm" type = "text" content = "Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit."data-reactid =" 29 ">Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.

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