The Internet giant’s revenue in the first quarter increased by 48%, reaching 26.17 billion U.S. dollars, which is equivalent to more than 214 billion kronor.
This is $2.5 billion more than analysts estimated. According to CNBC It quotes the certainty of estimates.
Compared with the same period last year, revenue has increased by nearly 50%.
Earnings per share were US$3.30, while analysts expected earnings per share of US$2.37.
So far this year, this proportion has risen by 64.42% and continues to rise after the report was released. On Wednesday night, the stock’s after-sales share was 22.20, a 6% increase.
However, daily active users were slightly lower than expected, reaching 1.88 billion. According to Factset’s data, analysts expect on average 1.89 billion users per day.
According to Facebook, the increase in revenue was partly due to a significant increase in advertising revenue last year. The company pointed out that the price of each advertisement increased by 30%, and the number of advertisements placed increased by 12%. More than 95% of the company’s revenue comes from advertising revenue.
Facebook is the fifth largest company in the United States, with a market value of $862 billion.