Facebook CEO Mark Zuckerberg listens to opening statements prior to testifying before a Senate Judiciary and Commerce Committees joint hearing regarding the company's use and protection of user data, on Capitol Hill in Washington, U.S., on April 10, 2018.REUTERS/Leah MillisFacebook reports its Q2 2019 financial results after markets close on Wednesday.
The results come just hours after the US Federal Trade Commission (FTC) announced it has reached a record-breaking $5 billion settlement with Facebook over the company's myriad privacy issues.
Here are the key numbers Wall Street is expecting, via Bloomberg:- Earnings Per Share (EPS) GAAP: $1.89
- Revenue: $15.08 billion, up roughly 14% year-over-year.
- Daily Active Users: 1.57 billion, up from 1.56 billion in Q1
- Monthly Active Users: 2.42 billion, up from 2.38 billion in Q1
After two years of constant scandals, Facebook's stock has largely rebounded in recent months, and is up more than 50% so far this year. Prior to its Q2 results, analysts have been broadly bullish about the company's prospects in light of its steady user numbers - illustrating how its crises have thus far failed to put in a serious dent in the business.
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