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.
LIVE: Here comes Facebook's Q2 earnings... (FB)
Facebook reports its Q2 2019 financial results after markets close on Wednesday.
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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Read more:
- Mark Zuckerberg's personal security chief accused of sexual harassment and making racist remarks about Priscilla Chan by 2 former staffers
- Facebook says it 'unintentionally uploaded' 1.5 million people's email contacts without their consent
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- Car-bomb fears and stolen prototypes: Inside Facebook's efforts to protect its 80,000 workers around the globe
See Also:
- Facebook looks set to get stung with another big fine over the biggest scandal in its history
- 'Too cheap to keep ignoring': Wall Street thinks Facebook is set to soar because its loyal users outweigh its endless scandals
- The Department of Justice just launched a broad probe into whether big tech companies like Amazon, Facebook, and others illegally harm competition