Facebook Q1 2018 Earnings | Facebook
| Global
Despite the recent Facebook’s scandals about users’ privacy and the leak of personal information to firms such as Cambridge Analytica, Facebook has gained more users and more ad money from each user. The year 2018 has a strong start with more than 2.2 billion people now use Facebook monthly and more than 1.4 billion people use it daily.
Check out the main indicators of Q1 2018 Facebook earning report:
- Revenue: $11.97 billion vs. $11.4 billion, up 49% or 42% on a constant currency basis.
- Total ad revenue: $11.8 billion, up 50% or 43% on a constant currency basis.
- Mobile ad revenue: $10.7 billion, up 60%.
- Operating income: $5.4 billion, representing a 46% operating margin.
- Net income: $5 billion or $1.69 per share.
$11.97 Billion Is the Total Revenue of Facebook During Q1 2018
Internet & Social Networking
Launched on February 4, 2004, by Mark Zuckerberg, along with fellow Harvard College students and roommates, Facebook is an American online social media and social networking service company based in Menlo Park, California. Its mission is to give people the power to build their own community and bring the world closer together. People mainly use Facebook to stay connected with friends and family, to discover and stay up to date with what’s going on in the world, and to share and express what matters to them. Today, Facebook has more than 2.2 billion monthly active users.
