Facebook Revenue Soars to $26.1 Billion, Tops 2.85 Billion Monthly Active Users
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hollywoodreporter.comFacebook has unveiled first quarter results that underlined continuing user growth during the pandemic, while also warning revenue growth would slow down towards the end of 2021, when compared with the COVID-era growth in 2020.
Facebook, which is led by Mark Zuckerberg, on Wednesday reported that revenue grew 48 percent during the fourth quarter to $26.1 billion, with advertising revenue rising 46 percent to $25.4 billion.
It also recorded net income of $9.5 billion, or earnings per share of $3.30, on the strong advertising gains. Analysts were looking for $23.71 billion in revenue for the quarter, up 33 percent from a year-earlier $17.7 billion, and earnings of $2.33 per share.
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