Facebook shares have risen 37% since the start of this year to $373.28 each. Separately, Facebook said it will require employees to be vaccinated before entering its U.S. in revenue for the third quarter, which implies 31% growth. Analysts had expected $28.22 billion U.S. 'When viewing growth on a two-year basis to exclude the impacts from lapping the COVID-19 recovery, we expect year-over-two-year total revenue growth to decelerate modestly in the second half of. ![]() That guidance was effectively unchanged from Facebook’s previous guidance. With respect to guidance for the second half of the year, Facebook said it expects "year-over-year total revenue growth rates to decelerate significantly on a sequential basis as we lap periods of increasingly strong growth." The company’s free cash flow of $8.51 billion U.S. Revenue from Facebook’s "Other" segment, including consumer hardware such as the Oculus virtual reality headset, totaled $497 million U.S., up 36% from a year ago. The company pointed to a 47% rise in the average price per advertisement, along with a 6% increase in the number of ads it delivered in the quarter. By Elizabeth Culliford and Nivedita Balu-Facebook Inc said on Wednesday it expects revenue growth in the third and fourth quarters to 'decelerate significantly,' sending the social media giants shares down about 5 in extended trading. ![]() expected by analysts.ĭaily active users of Facebook totaled 1.91 billion in the second quarter, meeting analysts expectations.įacebook’s revenue grew by 56% year-over-year in the second quarter, the fastest rate of growth for the company since 2016. Shares of social media giant Facebook (NASDAQ:FB) are down 5% after the company said it expects revenue growth to slow throughout the rest of this year.ĭespite the warning of slowing growth, Facebook reported second-quarter earnings that came in ahead of Wall Street estimates.įacebook’s earnings per share (EPS) amounted to $3.61 U.S.
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