Facebook trounces Wall St estimates with sharp ad sales growth
Jul 28, 2016, 01:47
The social media juggernaut reported that its Messenger app user base has reached over 1 billion, which represents a considerable improvement compared to 1.71 billion on its flagship platform.
If you needed more proof that Facebook is absolutely crushing it on mobile, consider this: More than a billion people now check Facebook from their phones every single day.
That's more than the combined population of the USA and China - a market that Facebook hasn't even cracked yet. The company also took steps in Q1 to boost user engagement, re-ranking its news feed to more prominently display content from friends and family. Total revenue amounted to $6.4 billion, a gain of 59%, with advertising accounting for $6.2 billion of that, a jump of 63% from last year's figure of $3.8 billion.
Facebook and Google are the clear leaders in the digital advertising space, claiming more than 40 percent of the market between them, according to advertising analysis firm eMarketer. In the USA and Canada, that value goes up to $14.34 per user, up from $9.30 from the same period past year.
All of that comes in stark contrast to Twitter, which reported this week that its user growth is stalled around 300 million.
Advertisers are flocking to Facebook because its popularity among users of social networking remains unrivaled.
Facebook Inc. (NASDAQ:FB) stock gained over 6% during the post-market hours today, after the company announced second quarter of fiscal 2016 (2QFY16) earnings report.
The consensus on earnings per share minus items is 81 cents, up 62%.
Time spent on its suite of apps, including the main Facebook app, Instagram and Messenger, increased "double digit percentages", Chief Executive Mark Zuckerberg said on a conference call with analysts.
Facebook is expected to generate more than $25 billion in revenue this year. Facebook has been working to get users to create and watch more videos, from each other, from businesses and from celebrities. Fewer people are sharing "long, full photo albums", according to Zuckerberg.
She allegedly told some of her colleagues that she suffered from bone cancer and sickle cell anemia, an inherited blood disorder. Julian, Desiree Canterlaw, Janet Snyder, Maria Delcampo, Christina Garcia, Cleomili Harris and Youree Perris.
A leak of DNC staff emails, some disrespectful toward Sanders, broke just before delegates gathered in Philadelphia . The emails angered many Sanders supporters who were already dismayed by Clinton's choice on Friday of low-key U.S.
Savannah's Brian Harman shot a 9-under par 63 and finished at 6-under par, finishing in a tie for 23rd and winning $61,360. The 54-hole leader will try for his ninth career PGA Tour win on Sunday. "I had a rough day on the greens, said Johnson".
For Pence, a different decision loomed: to continue his re-election bid in IN or bow out of the race to join Trump if invited. Why? Well, it's partly because I'm not an alt-right Republican who aligns with Trump on every issue.
NDP housing critic David Eby said a foreign investor could avoid the tax by setting up a Canadian company to buy real estate. The tax would add $300,000 to the purchase price on a home selling for $2-million to a foreign national.
It is not required in North Miami . " I don't understand if he's aiming at the autistic kid, how he could miss ", Napoleon said. The police officer who shot Kinsey has been identified as Jonathan Aledda, a four-year veteran and a member of the SWAT team.
Speaking with reporters Wednesday, Jones addressed the latest reports concerning Gregory's most recent failed drug test. Gregory, Lawrence and McClain are all suspended for violations of the league's substance abuse policy.
Authorities are checking reports that he felt bullied by his peers for several years, Interior Minister Thomas de Maiziere said . One placard left there simply asked "Why?" "Bloodbath in Munich ", was the headline on the best-selling Bild newspaper.
Opposition National Conference, Congress, Communist Party of India-Marxist and others have been invited to the meeting. Mattoo said the decision was taken at "the local level and heads would soon roll for taking such a harsh decision".
Downers Grove police released the report Tuesday in response to a Freedom of Information Act request from The Associated Press. Republicans had asked for a double check that required each lawmaker voting for the measure to be verified as in their seat.
This suspect led police to discover a Kalashnikov and a bag of ammunition on July 21, however the goal of the weapons was unclear. Bouhlel and a 30-year-old French-Tunisian with no previous convictions had phoned each other 1,218 times in a year, Molins said .
Boos to cheers: Durant heads home to Oakland with Team USA
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Stocks pull back slightly after a record-setting win streak
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