The scandals of Facebook did not affect its quarterly income

The technology giant earned nearly $ 12 billion in revenue in its first fiscal quarter - nearly 50 percent more than the same quarter last year.

The scandals of Facebook did not affect its quarterly income

Maybe the bruises Facebook received this quarter will heal soon.

Despite the Cambridge Analytica scandal , the social networking giant made an income of US $ 11,970 million during its first fiscal quarter of 2018, surpassing the expectations of Wall Street analysts who expected US $ 11,400 million. These revenues represent almost 50 percent more than the same quarter a year ago.

"Despite facing significant challenges, our community and our business started strong in 2018," Zuckerberg said in the statement where  Facebook announced its quarterly results . "We are taking a broader view of our responsibility [towards the community] and investing to ensure that our services are used for good, but we must also continue to develop new tools to help people connect, strengthen our communities, and bring more to the world".

READ ALSO:  Facebook plans to fight against advertising without consent

Advertisers have not left Facebook maybe because users have not either. The social network shared that it had 1,450 million daily users and 2,200 million per month, which in both cases represents an increase of 13 percent compared to the same period a year ago.

Facebook executives did not share with analysts if there was a change in the amount of time users spend on the network after the Cambridge Analytica scandal.

Facebook made a profit of US $ 4,988 million during the three months ended March 31, which is 37 percent more than the US $ 3,064 million of the first quarter of 2017.



Popular Posts