Facebook beats in Q1 with $8.03B revenue
New Delhi, 4 May 2017 : Facebook had another strong quarter, beating estimates to start 2017. It scored $8.03 billion in revenue and $1.04 GAAP actual EPS in Q1 compared to $0.87 EPS estimate. It earned that from 1.94 billion users, up from 1.86 billion last quarter, growing at a faster 4.3 percent compared to 3.91 perecent last quarter.
All eyes are on what Facebook has cautioned to be a “meaningful” slowdown in revenue growth this year as it reaches the limit of the amount of ads it can show in the News Feed. Luckily, the company is starting to ramp up with Instagram and video ads, which Wall Street sees as two key growth drivers moving forward.
Here are the expected numbers for Facebook’s Q1 earnings:
EPS (adjusted): $1.12, up 45% from the year-ago period.
Revenue: $7.83 billion, up 42% from the year-ago period.