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Business News » World News

Facebook misses estimates on monthly active users

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Updated: Thu, Jul 26, 2018
01:37 am
Reuters
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Facebook Inc fell short of analysts` estimates for monthly active users on Wednesday, months after the social network became embroiled in a data scandal that affected millions of its users.

The company said monthly active users rose to 2.23 billion, compared with estimates of 2.25 billion, according to Thomson Reuters I/B/E/S.

Net income attributable to Facebook shareholders rose to $5.11 billion, or $1.74 per share, in the second quarter ended June 30 from $3.89 billion, or $1.32 per share, a year earlier.

Total revenue rose 41.9 percent to $13.23 billion.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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