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Facebook Hits 1.88 Billion Daily Active Users, 2.85B Monthly Actives In Q1; Ad Sales Surge As Co. Shrugs Off Lawsuits, Heat From Congress, War With Apple

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deadline.com

Facebook hit 2.85 billion monthly active users, or MAUs, last quarter (up 10%) and 1.88 billion daily users (up 8%) as ad-driven revenue surged 48% to $26.2 billion, crushing forecasts.Earnings per share of $3.30 — up 93% – were also a beat as the social media giant’s advertising muscle powers through the cloud of antitrust lawsuits, Congressional critics and heat from Apple CEO Tim Cook — as that tech reports dueling quarterly earnings this afternoon.Facebook’s numbers were a beat but not a surprise after stellar digital ad sales reported by Google yesterday and by Snap last week showing a strong market.The numbers come as Congress has taken to regularly calling on CEO Mark Zuckerberg to testify and defend the company on issues ranging

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