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Facebook Beats Street On Q2 Sales, Earnings; Hits 2.7 Billion Users

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deadline.com

Jill Goldsmith Co-Business EditorFacebook said users hit 2.7 billion as it beat Wall Street estimates on revenue and earnings in the midst of the ongoing COVID-19 pandemic and a highly-public boycott by advertisers.If you didn’t get enough Mark Zuckerberg, Facebook and tech giants yesterday during hours of Congressional testimony, they’re all back today with a rat-a-tat-tat of back to back quarterly earnings that will hopefully give the best indication yet of the state of the digital ad market.Total revenue was $18.69 billion on earnings per share of $1.80.Wall Street was looking for Facebook to report quarterly earnings of $1.39 a share on sales of $17.34 billion — versus $0.91 cents a share on sales of $16.89 billion a year ago, Total.

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