Facebook Outperforms Estimates for Revenue, User Growth in Q2

The company admitted that the ongoing advertiser boycott may affect the next period

Despite the coronavirus pandemic running its course throughout the second quarter, Facebook managed to surpass expectations for revenue and growth in its user base during the three months ending June 30.

Facebook was originally scheduled to release its financial results Wednesday, but the announcement was delayed by one day due to CEO Mark Zuckerberg’s testimony before the House Judiciary Committee’s antitrust subcommittee Wednesday afternoon.

The company said Thursday that revenue for the second quarter was $18.687 billion, up 11% from $16.886

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