{"id":48860,"date":"2021-07-29T10:30:07","date_gmt":"2021-07-29T06:30:07","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=48860"},"modified":"2021-07-29T10:30:07","modified_gmt":"2021-07-29T06:30:07","slug":"facebooks-quarterly-profit-beats-expectations-and-posts-fastest-revenue-growth-since-2016","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/facebooks-quarterly-profit-beats-expectations-and-posts-fastest-revenue-growth-since-2016\/07\/29\/market-updates\/","title":{"rendered":"Facebook&#8217;s Quarterly Profit Beats Expectations And Posts Fastest Revenue Growth Since 2016"},"content":{"rendered":"\n<p>Facebook&#8217;s earnings in the three months ended June 30 beat expectations and posted the fastest revenue growth since 2016.<\/p>\n\n\n\n<p>But Facebook shares fell 5% in after-hours trading after the social media company said it expects revenue growth to slow in the coming quarters.<\/p>\n\n\n\n<p>And earnings per share came to $3.61, compared to expectations of $3.03 per share, as expected by analysts, while revenues amounted to $29.08 billion, versus $27.89 billion expected revenue.<\/p>\n\n\n\n<p>The number of daily active users is 1.91 billion, and the monthly active users are 2.90 billion.<\/p>\n\n\n\n<p>Facebook&#8217;s revenue grew 56% year-over-year in the second quarter, according to the statement, the fastest growth since 2016, accelerating from 48 percent growth in the previous quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facebook&#8217;s earnings in the three months ended June 30 beat expectations and posted the fastest revenue growth since 2016. But Facebook shares fell 5% in after-hours trading after the social media company said it expects revenue growth to slow in the coming quarters. And earnings per share came to $3.61, compared to expectations of $3.03 &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31517,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[7117,7286,7287,6897,7003],"class_list":["post-48860","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-facebook","tag-instagram","tag-snapchat","tag-trump","tag-twitter"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=48860"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48860\/revisions"}],"predecessor-version":[{"id":48861,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48860\/revisions\/48861"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31517"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=48860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=48860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=48860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}