AGENCIES: Facebook reported first-quarter revenue growth of 26 percent from last year to reach 15.08 billion U.S. dollars, according to its report released on Wednesday.
Earnings from advertising in the first quarter increased 26 percent year on year from 11.8 billion dollars last year, Facebook said, adding that the earnings of the mobile advertising sector accounted for 93 percent of the quarterly revenue for this year.
However, the tech giant has seen its net income dropping to 2.43 billion dollars in the first quarter of 2019, down by 51 percent year on year.
Facebook said it is setting aside about 3 billion dollars in the first quarter to pay for possible fines to be imposed by the U.S. Federal Trade Commission (FTC) for its violation of rules governing data privacy.
“In the first quarter of 2019, we reasonably estimated a probable loss and recorded an accrual of 3.0 billion dollars in connection with the inquiry of the FTC into our platform and user data practices,” Facebook said.
“We estimate that the range of loss in this matter is 3.0 billion dollars to 5.0 billion dollars. The matter remains unresolved,” it added.
As for other services, Facebook said more than 2.1 billion people are using its “family of services” including Facebook, Instagram, WhatsApp and Messenger on a daily average basis.
About 2.7 billion people are accessing service on one of the company’s platforms every month, it said. Daily active users stood at 1.56 billion on average for March 2019, increasing 8 percent year on year, while monthly active users also recorded an 8 percent growth to hit 2.38 billion as of March 31, 2019, said Facebook.
By the end of the first quarter this year, Facebook’s headcount has risen 36 percent year on year to reach 37,773, according to the firm’s financial report.
95697 318360I cannot thank you fully for the blogposts on your web page. I know you placed lots of time and effort into all of them and hope you know how considerably I appreciate it. I hope I will do precisely the same for one more individual at some point. Palm Beach Condos 821294
300959 283438Spot on with this write-up, I ought to say i believe this superb site needs considerably much more consideration. Ill probably be once again to learn a great deal much more, several thanks that details. 914712
377748 460814I consider something actually unique in this site . 550111
301630 142408Awesome post , Im going to spend a lot more time researching this subject 477516
548887 250935Should tow line this caravan together with van trailer home your entire family quick get exposed towards the issues along with reversing create tight placement. awnings 72981
507887 954073I tried to submit a comment earlier, although it has not shown up. I will remember this. 314393
83974 409302I was trying to discover this. Truly refreshing take on the data. Thanks a good deal. 919622
76580 200446Youre so cool! I dont suppose Ive learn something like this before. So good to search out any person with some exclusive thoughts on this subject. realy thank you for starting this up. this web website is one thing thats needed on the net, someone with a bit of originality. valuable job for bringing something new towards the internet! 390216
27512 22954This web-site is in fact a walk-through rather than the information you desired concerning this and didnt know who to inquire about. Glimpse here, and you will totally discover it. 553568
803556 831059But wanna remark that you have a extremely decent internet internet site , I adore the style it genuinely stands out. 4845
700434 180821Watch the strategies presented continue reading to discover and just listen how to carry out this wonderful like you organize your company at the moment. educational 822038
18491 776698Genuinely instructive and superb structure of articles, now thats user friendly (:. 183118
140649 108034I truly appreciated this gorgeous blog. Make sure you keep up the good function. Finest Regards . 520527
242449 459618Quite informative and amazing bodily structure of content material , now thats user friendly (:. 546969
613264 874138Exploring in Yahoo I finally stumbled upon this site.Studying this information. 53435
20731 760079I was recommended this internet internet site by my cousin. Im not sure whether this post is written by him as nobody else know such detailed about my trouble. Youre remarkable! Thanks! 525674
429667 468315Fascinating point of view. Im curious to believe what type of impact this would have globally? Sometimes folks get a little upset with global expansion. Ill be around soon to look at your response. 239385