And perhaps most strikingly, users continued to grow.
Overall, Facebook reported first quarter earnings of $11.96 billion, up from $8.03 billion a year ago; earnings per share (EPS) rose from $1.04 billion to $1.69 billion. The number of Facebook's daily active users in the United States and Canada also inched up to 185 million during the first quarter from 184 million in the previous quarter.
The results are a bright spot for the world's largest social network amid months of negative headlines about the company's handling of personal information, its role in elections and its fueling of violence in developing countries.
Mobile advertising revenue represented approximately 91% of advertising revenue for the first quarter of 2018.
Although the impact of the scandal, which broke in mid-March, was unlikely to be reflected in the first quarter, the early signs suggested users and advertisers would remain.
David Wehner, Facebook's CFO, said Wednesday that the law, called the General Data Protection Regulation (GDPR), could cause user growth in Europe to stall or decline slightly quarter over quarter. The category includes efforts to root out fake accounts, scrub hate speech and take down violent videos. Facebook also said its employee headcount grew to 27,742, a 48 percent increase year over year.
Visitors take photos in front of the Facebook logo at the company's headquarters in Menlo Park, Calif., on March 28, 2018.
"While privacy and security are very serious issues that Facebook is rightly focusing on, as long as the return-on-investment is there, advertisers won't stop investing in Facebook altogether", he said.
Facebook's stock rose more than 4 percent in after-hours trading.
Shares [NAS:FB] rose about 7% to $US170.80.
First quarter profits also grew, reaching $4.9bn compared to $3bn a year ago. Analysts were calling for the network to bring in adjusted earnings of $1.35 per share, according to data compiled by Thomson Reuters. The company's quarterly report reveals that 98.5 percent of that came from advertising revenue. The government has also sought information about the entities working under CA along with the details of their directors. Facebook also owns the popular smartphone apps Messenger and WhatsApp.
An official said, "Close scrutiny of the replies by Facebook discrepancies between the responses of Facebook which is the platform from which data was siphoned and Cambridge Analytica who illegally received the data".
The ball clearly was still on Horford's hand after the timer expired to the point that multiple Bucks stopped playing on the play. Smart filled the stat sheet in his return with nine points (5-5 FT), five rebounds four assists , three blocks and a steal.
It has made substantial changes in the past, including allowing users to download a copy of their data from the app. Prior to this and for the most part with regards to online services, it requires users to be at least 13 years old.
The pre-wedding parties, that included a mehendi feature, a haldi ceremony and a sangeet ended up stored in Alibaug on Saturday. In some pictures garlands can be seen while in another Ankita can be seen sporting mehndi as she poses with Milind.
He said this because he believes that they did not want the rule of government but want the rule of the dynasty. The campaign will continue till next year's April 14, the birth anniversary of Dalit icon Bhim Rao Ambedkar.
Meek Mill , who was sentenced after violating his probation on a drug and weapon's case regained his freedom on Monday. After his release, Williams said in a statement that the five months he spent in prison "have been a nightmare".
On the allegation that JDS elements are more powerful in Congress , he replied, "Deve Gowda had expelled me from the party (JDS)". Party sources said Modi, BJP's biggest crowd-puller, is likely to kick off a series of rallies in the southern state from May 1.
Rusal declined to comment on requests from worldwide media, while Deripaska's spokeswoman wasn't immediately available. However, the Russian oligarch is trying to save Rusal without surrendering control.
The young pilot will be awarded N25 million in cash and N20 million worth of gifts, which adds up to the N45 million grand prize. BB Naija came to a close on Sunday with Miracle emerging the victor after 85 days of competition with 19 other housemates.
Third Judge Blocks Trump's Bid to End DACA
While the previous decisions came from judges appointed by President Bill Clinton, Bates was nominated by President George W. Trump, they've also ended up hurting Dreamers by sapping the urgency of Congress to take up a more permanent reform.
Ronaldo? Real must worry about Lewandowski - Heynckes
Bayern Munich's David Alaba is set to undergo a late fitness test as the Austrian worldwide faces missing the game due to injury. But this is where it gets tricky because the only salvation for Zinedine Zidane and his players is the Champions League .
Google Is Giving Gmail a Makeover
For business users, the G Suite admin will have to enable these new features by enrolling in the G Suite Early Adopter Program. Notwithstanding, the choice wasn't accessible for us right now, so the take-off is by all accounts slower than anticipated.
Kipchoge clocks third London Marathon win
James Stockle was among the thousands of runners who took part in the 26-mile event yesterday (Sunday April 22). Elsewhere Chris Ashby from Polegate ran his first ever full marathon, achieving a time of 5 hours 18 minutes.
Mets' Harvey roughed up, scoffs at bullpen talk
For the time being, though, it will be interesting to see how Callaway utilizes Harvey in his new role with the club. "He will need to be evaluated after his session by the doctor to make sure he's good to go", Callaway said .
2018 NFL Draft preview — NFC NORTH
Some analysts, including ESPN's Louis Riddick, like Chubb better than 2017 No. 1 overall pick Myles Garrett. The listing of edge might be a little more surprising, but I think most here do see that as a need as well.
SC to be moved against rejection of impeachment motion
"Senior lawyer Fali Nariman told a newspaper that it was "a frightful black day" in the history of Indian Supreme Court ". Naidu cited lack of substantial merit in it as he rejected the notice given by opposition parties led by the Congress .
Giants-Belt-Long Plate Appearance
Johnny Cueto (2-0) took a no-hitter into the sixth and allowed only two hits and struck out seven in six scoreless innings. When a tacit acknowledgment just is between them, Belt did acknowledge he knew how he sensed. "Don't want to do it again".