Instagram social vaccine and

Facebook Q2 Revenue Hits $29 Billion and Profit Doubles, Daily Users Top 2.7 Billion Across Platforms

Reading now: 190
variety.com

Todd Spangler NY Digital EditorIn the tech world, the big keep getting bigger.Facebook’s revenue for the second quarter of 2021 jumped 56%, to $29.08 billion, while its net profit doubled to $10.4 billion — utterly smashing analyst expectations.For Facebook, daily active users were 1.91 billion on average in June, up 7% year over year.

DAUs across all of the company’s apps — Facebook, Instagram, WhatsApp and Messenger — averaged 2.76 billion for the month of June, up 12%.Click here to sign up for Variety’s free Media Earnings newsletter.The social media company posted earnings per share of $3.61.

On average, Wall Street analysts predicted Q2 revenue of $27.82 billion and EPS of $3.02, per Refinitiv data. “We had a strong quarter as we.

Read more on variety.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA