Facebook profit jumps 63% in Q1, grows to 2.2 bln monthly users

Nieuws Breedband Wereld 25 APR 2018
Facebook profit jumps 63% in Q1, grows to 2.2 bln monthly users

Facebook reported a strong increase in sales and earnings in the first quarter, with growth rates accelerating from the previous quarter. Revenues rose 49 percent year-on-year to USD 11.97 billion, and net profit was up 63 percent to USD 4.99 billion or USD 1.69 per share. 

The social network's daily active users averaged 1.45 billion in March, up 13 percent from a year earlier and an increase from 1.40 billion in December. Monthly active users also rose by 13 percent on an annual basis, to 2.20 billion from 2.13 billion in the previous quarter. 

Capital expenditure totaled USD 2.81 billion in the quarter, leaving free cash flow of USD 5.05 billion. Facebook finished the period with USD 43.96 billion in cash. The company said it authorised in April another USD 9 billion for share buybacks, on top of the existing programme worth USD 6 billion. 

Categories:

Internet,  Mobiel

Companies:

Facebook

Regions:

Wereld

Tags:

Messaging, Financial figures, IT - applications, Portals / social media, Information services, Advertising services

Related Articles

WERELD 25 APR 2019

Facebook revenues lift 26% in Q1 but profit hit by legal expenses

Facebook continued its upward rise in the first quarter, with revenues advancing 26 percent from the year before to USD 15.077 billion. Advertising revenue made up the bulk of the total, and was also up 26 percent, to USD 14.912 billion. Mobile advertising revenue made up 93 percent of that figure, from 91 percent the year earlier. 

WERELD 31 JUL 2018

Facebook has a hedge but damage control is needed to address problems of privacy, fake news

Facebook's first loss of customers in Europe resulted in a 20 percent drop in its market capitalisation. Is this the beginning of the end for Facebook or will the share price recover in the coming months? The fact is Facebook is the undisputed leader of the broader communications market, including social networking, with the services Facebook, Instagram, WhatsApp and Messenger. The network effect can't be undone with a snap, and the range of its services gives Facebook a hedge: if customers leave Facebook,

WERELD 26 JUL 2018

Facebook shares fall sharply after slower growth in Q2, weak outlook

Facebook reported a slowdown in growth in the second quarter and said it expects the trend to continue in the rest of 2018. Revenues rose 42 percent year-on-year to USD 13.23 billion, compared to annual growth of 49 and 47 percent in the previous two quarters. The operating margin fell to 44 percent from 47 percent a year ago, while net profit was still up 31 percent to USD 5.11 billion or USD 1.07 per share. 

WERELD 25 APR 2018

Facebook makes Community Standards public, offers appeal to content removal decisions

Facebook has published its previously internal Community Standards, which explain on what grounds it might delete a post or ban a poster. The company said it will start an appeals process that will make it easier for people to ask for an additional review for posts that were taken down, or on those left up after being reported in violation of standards.

WERELD 18 APR 2018

Facebook to roll out new privacy measures, better teen protection worldwide

Facebook said it will be rolling out new privacy steps over the coming weeks, starting in Europe. The company said the measures are in line with the EU's General Data Protection Regulation (GDPR), set to go into effect from 25 May, but added that they will be valid for all Facebook users, no matter when they are. The only difference will be that people in the EU will see specific details relevant only to themselves, like how to contact Faceboo's Data Protection Officer under GDPR. The new Facebook rules wil

WERELD 10 APR 2018

Facebook to offer rewards for reporting app misuse of personal data

Facebook has launched another effort to stem the abuse of personal data on the social network, offering rewards to people who report any misuse of data by app developers. Inspired by the usual 'bug bounty' programmes to detect security vulnerabilities, the Data Abuse Bounty programme will pay cash to people with first-hand knowledge and proof of cases where a Facebook platform app collects and transfers people's data to another party to be sold, stolen or used for scams or political influence. 

WERELD 5 APR 2018

Facebook says most users affected by personal data scraping scheme

Facebook has released further details on possible abuse of personal information on the social network, saying most users may have been affected by "malicious actors" scraping public profile information. In addition, the company said some 87 million people had been affected by Cambridge Analytica's improper use of personal data on Facebook users. 

WERELD 29 MAR 2018

Facebook to phase out third-party data targeting, pause app review

Facebook has announced the closure of "Partner Categories", a product enabling advertisers to use information from third-party providers to target specific customers on the social network. The move is part of the company's ongoing evaluation of its data practices in the wake of the Cambridge Analytica scandal. "While this is common industry practice, we believe this step, winding down over the next six months, will help improve people's privacy on Facebook," said the company in a short statement.

WERELD 28 MAR 2018

Facebook updates privacy settings, plans new terms of service

Facebook has confirmed an overhaul in privacy settings on the social network in order to make it easier for users to control their personal data. The company said it will also be proposing an update to its terms of service and data policy in the coming weeks to help customers understand better how it collects and uses personal data. Facebook said the updates "are about transparency – not about gaining new rights to collect, use, or share data", and the new tools and terms were developed following consultati

WERELD 27 FEB 2018

Facebook reaches USD 35 mln settlement over IPO info

Facebook and its CEO Mark Zuckerberg have reached a USD 35 million settlement of a class-action lawsuit accusing them of hiding worries about the social media company's growth prior to its May 2012 initial public offering. The settlement was filed in the federal court in Manhattan and won preliminary approval from the district judge, Reuters reports. 

WERELD 31 JAN 2018

Facebook shows no sign of slowdown with Q4 revenues up 47%

Facebook showed little slowdown in its growth in the fourth quarter, despite recent warnings of increased costs for security and policing content on the social network. Revenues rose 47 percent year-on-year to USD 12.97 billion, and operating profit jumped 61 percent to USD 7.35 billion.

WERELD 12 JAN 2018

Facebook revamps News Feed to focus on friends and family

Facebook has announced that it's embarking on a year-long overhaul of the types of posts, videos and photos seen by its 2 billion members with a view to prioritising posts from friends and family over public content. "Because space in News Feed is limited, showing more posts from friends and family and updates that spark conversation means we'll show less public content, including videos and other posts from publishers or businesses," said the company in a statement.

WERELD 5 JAN 2018

Facebook CEO pledges to fix platform's hate speech, fake news issues in 2018

Facebook CEO Mark Zuckerberg announced that his personal challenge for 2018 is to focus on fixing important issues affecting the social media network's long-term future, including the spread of hate speech, interference by nation states such as Russia and criticism by former executives of the platform's addictive qualities. "The world feels anxious and divided, and Facebook has a lot of work to do," said Zuckerberg, adding that "we won't prevent all mistakes or abuse, but we currently make too many errors e

WERELD 1 NOV 2017

Facebook warns for drop in margins on increased security costs

Facebook has warned its profitability will suffer as it invests more in security on its platforms. However, its latest quarterly results showed little sign of a slowdown. Revenues in the third quarter rose 47 percent from a year earlier to USD 10.33 billion, and net profit was up 79 percent to USD 4.71 billion. 

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.