Facebook May Take a Big Leap In Q2!

  Facebook May Take a Big Leap In Q2! Social Networking Giant Facebook Increased Its Revenue More Than 50 Percent During This Period, Here's Why! Businesses that published their comparison reports with the previous year after the pandemic published some interesting information. One of these companies, Facebook, awaits investors for a report containing quite remarkable growth movements.

About 50 % Growth Is Expected From Facebook!

Facebook FB (NASDAQ) $340,59 +1,56 (+%0,46) had an unexpected success in the first quarter, surprising all analysts. Revenue increased 48 % year on year to $26,2 billion and net income increased 94 %, according to the statement. “Our key to success lies in our continued growth in the digital economy and our intense efforts to blend services with consumer engagement,” said Facebook CFO Dave Wehner. " said. To explain more specifically, more ad impressions across all services are helping these increases due to increased ad revenues.

Facebook Management Expects Strong Momentum to Continue in the Second Quarter!

“Growth rates in the first quarter of 2021 remained stable in the second quarter and modestly guided the acceleration,” Wehner said. Given the company's determination, it shows that it could increase its revenues by about 50 % year-over-year over the period.

Social Networking Giant Facebook Increased Its Revenue More Than 50 Percent During This Period, Here's Why!

Analysts predict average Facebook's second-quarter revenue will continue at a more modest pace than the 48 % growth in the first quarter, increasing by about 60 % year-over-year.

Why Facebook Guidance Is Influential

Notably, unlike Apple's  AAPL (NASDAQ) $133,70 -0,28 (-%0,21) efforts to disable ad tracking targets, Facebook ad revenue has been quite successful as it's starting to make an impact on the company. Thanks to CEO Wehner's efforts, the company's belief that it can maintain or even improve its advertising performance over the long term has had a huge impact on revenue growth. Investors can watch Facebook's performance in the second quarter towards the end of July from the balance sheets.  

Source: The Motley Fool

 

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