Facebook Reports 56% Revenue Gain in Q2, but Apple iOS 14.5 ‘Headwinds’ Are Blowing

The social network totaled 2.9 billion monthly active users, up 7% year over year

Facebook reported strong results in the second quarter, but it was helped by Apple not rolling out iOS 14.5 and its more stringent privacy permissions until April 26. Chief financial officer David Wehner acknowledged the company is bracing for the “headwinds” to come.