2.1 Billion People Use Facebook’s Family of Apps on a Daily Basis

The company reported $16.886 billion in Q2 revenue, up 28% year-over-year


The $5 billion fine Facebook agreed to pay to the Federal Trade Communications in a settlement over privacy issues had no bearing on the company’s second-quarter financial results, which were reported earlier this week.

Facebook reported revenue of $16.886 billion, up 28% from $13.231 billion in the second quarter of 2018. Nearly all of that revenue—$16.624 billion—came from advertising.

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Facebook

Chief financial officer David Wehner said in his opening remarks during Facebook’s earnings call that in terms of regional ad revenue growth, North America and the Asia-Pacific region led at 30% apiece, followed by Europe at 21% and rest of world at 21%, adding that the latter was impacted by currency headwinds.

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