facebook warns growth to decelerate significantly

Net income rose to $10.4 billion, or $3.61 per share, from $5.18 billion, or $1.80 per share, a year earlier. Monthly active users came in at 2.90 billion, up 7% from the same period last year but missing analyst expectations of 2.92 billion and marking the slowest growth rate in at least three years, according to IBES data from Refinitiv. (Reuters) -Facebook Inc said on Wednesday it expects revenue growth in the third and fourth quarters to decelerate significantly, sending the social media. Facebook has argued Apple’s recent requirement that iPhone app developers begin asking users’ permission to collect certain data for ads would harm its business and hurt small companies that rely on personalized advertising. NEW YORK: Facebook said on Wednesday (Jul 28) it expects revenue growth in the third and fourth quarters to 'decelerate significantly', sending the social media giants shares down about 5 per cent in extended trading. The company said it expects Apple’s recent privacy change, requiring iPhone app developers to begin asking users’ permission to collect certain data for ads, to impact in the third quarter. The world’s largest social network’s revenue from advertising rose 56% to $28.58 billion in the second quarter ended June 30, Facebook said. The company’s total revenue, which primarily consists of ad sales, rose to $29.08 billion in the second quarter from $18.69 billion a year earlier, beating analysts’ estimates of $27.89 billion, according to IBES data from Refinitiv.įacebook, like its peers, has seen increased demand for digital ads as the pandemic drove consumers to shop largely online, forcing several businesses to create online stores and markets using social media platforms. Make Money and Accelerate Your Networking. In the third and fourth quarters of 2021, we expect year-over-year total revenue growth rates to decelerate significantly on a sequential basis as we lap periods of increasingly strong growth, Chief Financial Officer Dave Wehner said in the earnings release. Your Guide to Branding, Mastery, and Sales With Proven Formulas on Instagram, Facebook, YouTube, and Twitter. The company beat Wall Street estimates for quarterly revenue, bolstered by increased advertising spending as businesses build their digital presence to cater to consumers spending more time and money online. Facebook warns of significant slowdown in sales growth Back to video. (Reuters) -Facebook Inc said on Wednesday it expects revenue growth in the third and fourth quarters to “decelerate significantly,” sending the social media giant’s shares down about 5% in extended trading.

Facebook warns growth to decelerate significantly