Facebook Doubles Q2 Profit to $10,394 Billion

4

The company’s revenue was US$29.08 billion in the second quarter, far above the US$18.687 billion recorded in the same period in 2020

O Facebook registered a net profit of US$ 10.394 billion in the second quarter, an improvement compared to the result of US$ 5.178 billion in the same period last year. Earnings per share were $3.61 from $1.80 previously, above the $3.04 forecast by analysts polled by FactSet.

The company’s revenue stood at $29.08 billion in the second quarter, from $18.687 billion in the same period in 2020. The number of daily active users on the social network was 1.91 billion on average in June 2021, a an increase of 7% year-on-year, says the company.

The company’s total costs and expenses, however, also advanced, to $16.710 billion in the second quarter. The increase in this case was 31%, in the annual comparison. The company also said it expects total revenue growth to “slow down modestly” in the second half, compared to the pace seen in the second quarter.

After the balance, the stock retreated 3.02% in after hours in New York at 17:25 (GMT).

Thanks for reading the EXAM! How about becoming a subscriber?

Get unlimited access to the best content of your day. In just a few minutes, you create your account and continue reading this article. Come on?

It’s just a moment before you release your access.

digital exam

BRL 3.90/month
  • R$9.90 after the third month.
  • Access whenever and wherever you want.
  • Unlimited access to EXAME Invest, macroeconomics, markets, career, entrepreneurship and technology.

Sign it

annual digital exam

BRL 99.00/year
  • R$ 99.00 in cash or in up to 12 installments. (BRL 8.25 per month)
  • Access whenever and wherever you want.
  • Unlimited access to EXAME Invest, macroeconomics, markets, career, entrepreneurship and technology.

Sign it

palheta smll Facebook Doubles Q2 Profit to $10,394 Billion

See too

4192860