{"id":1090438,"date":"2021-04-29T07:13:50","date_gmt":"2021-04-29T06:13:50","guid":{"rendered":"https:\/\/www.eldigitaldeasturias.com\/noticias\/?p=1090438"},"modified":"2021-04-29T07:13:50","modified_gmt":"2021-04-29T06:13:50","slug":"facebook-q1-profit-revenues-trounce-street-view","status":"publish","type":"post","link":"https:\/\/www.eldigitaldeasturias.com\/noticias\/facebook-q1-profit-revenues-trounce-street-view\/","title":{"rendered":"Facebook Q1 profit, revenues trounce street view"},"content":{"rendered":"

\"facebook\"Washington (dpa-AFX) – Shares of Facebook Inc. (FB) gained over 5 per cent in the extended trading session on Wednesday after the social networking giant’s first-quarter profit nearly doubled driven by strong ad revenue growth.<\/p>\n

Both earnings and revenues for the quarter trounced Wall Street analysts’ estimates.<\/p>\n

Menlo Park, California-based Facebook’s first-quarter profit surged 94 per cent to 9.50 billion dollars or 3.30 dollars per share from 4.90 billion dollars or 1.71 dollars per share last year.<\/p>\n

On average, 38 analysts polled by Thomson Reuters estimated earnings of 2.37 dollars per share for the quarter.<\/p>\n

Revenues for the quarter surged 48 percent to 26.17 billion dollars from 17.74 billion dollars last year.<\/p>\n

Analysts had a consensus revenue estimate of 23.67 billion dollars for the quarter.<\/p>\n

Daily active users were up 8 per cent to 1.88 billion on average for March, while monthly active users increased 10 per cent to 2.85 billion.<\/p>\n

Total advertising revenues rose 46 per cent to 25.44 billion dollars.<\/p>\n

The company said its ad revenue growth was largely driven by a 30 per cent year-over-year increase in the average price per ad and a 12 per cent increase in the number of ads delivered.<\/p>\n

\u00abWe had a strong quarter as we helped people stay connected and businesses grow,\u00bb said Mark Zuckerberg, Facebook founder and CEO.<\/p>\n

\u00abWe will continue to invest aggressively to deliver new and meaningful experiences for years to come, including in newer areas like augmented and virtual reality, commerce, and the creator economy.\u00bb<\/p>\n

Moving ahead, the company expects advertising revenue growth to be driven by price during the rest of 2021.<\/p>\n

Facebook expects second-quarter revenue growth to \u00abremain stable or modestly accelerate relative to the growth rate in the first quarter.\u00bb<\/p>\n

In the third and fourth quarters, Facebook expects revenue growth to \u00absignificantly decelerate sequentially as we lap periods of increasingly strong growth.\u00bb<\/p>\n

FB closed Wednesday’s trading at 307.10 dollars, up 3.53 dollars or 1.16 per cent, on the Nasdaq. The stock further gained 15.97 dollars or 5.20 per cent in after-hours trading.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Washington (dpa-AFX) – Shares of Facebook Inc. (FB) gained over 5 per cent in the extended trading session on Wednesday after the social networking giant’s first-quarter profit nearly doubled driven by strong ad revenue growth. Both earnings and revenues for the quarter trounced Wall Street analysts’ estimates. Menlo Park, California-based Facebook’s first-quarter profit surged 94 […]<\/p>\n","protected":false},"author":1,"featured_media":1089651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1090438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualidad"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t