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Facebook Drives Q2 Revenue Up 11%, Tops Wall Street Estimates Despite COVID Uncertainty

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variety.com

Todd Spangler NY Digital EditorFacebook beat analyst financial estimates the second quarter of 2020, on both the top and bottom line, as it netted 100 million new monthly users in the period.Facebook monthly active users were 2.70 billion as of June 30, 2020, an increase of 12% year-over-year and up from 2.6 billion in Q1.Total revenue was $18.69 billion, up 11%, and net income came in at a whopping $5.18 billion (or diluted earnings per share of $1.80).

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