Facebook reported strong fourth-quarter financials but spooked markets a bit by warning of advertising headwinds this year.Revenue was $28.1 billion.
Net profit hit $11.2 billion, or $3.94 a share — both beating Wall Street forecasts.Monthly active users of 1.84 billion were up 11% year-on-year but about flat from the previous quarter.“We had a strong end to the year as people and businesses continued to use our services during these challenging times,” said Mark Zuckerberg, Facebook founder and CEO.
But, he added, “We continue to face significant uncertainty as we manage through a number of cross currents in 2021.”The giant social media platform cited “significant uncertainty” stemming from the ongoing pandemic.Questions about last quarter
Read more on deadline.com