Facebook announced its second quarter earnings after the finalization of the $ 5 Billion Federal Trade Commission (FTC) penalty, which has been in the bargaining process for a long time. In the second quarter, Facebook generated $ 16.9 billion in revenue.
The Zacks Consensus had expected Facebook to earn a total of $ 16.45 billion in the second quarter with $ 1.90 per share. However, Facebook, the figures announced above this expectation.
Facebook's daily active users reached 1.59 billion, while Instagram, WhatsApp and Messenger, including Facebook's application family reached 2.1 billion daily users.
While the stagnation in the growth of the US, Canada, and Asia-Pacific regions attracts attention, it is seen that the company achieved faster growth in Europe and the Rest of the World tab.
In the meantime, Facebook's shares after the closing of the stock market showed an increase of 3 percent.
Although Facebook's announcement that it will pay the 5 billion FTC penalty and publish second quarter earnings reports seems to be a closing on the Federal Trade Commission, it is possible to say that the company will be referred to with new lawsuits in the future.
The Federal Trade Commission launched an anti-trust investigation against Facebook last month, while the Ministry of Justice filed a new lawsuit against the company for anti-trust supervision.