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".
Those who were included in the central committee when they were state secretary have to be replaced with new ones, they demanded. The last 12 hours leading to reconstitution of Politburo and central committee saw hectic negotiations.
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.
Asaram's spokesperson Neelam Dubey told reporters that his legal team will challenge the verdict in India's High Court. Nine witnesses in the two cases of rape against Asaram and his son Narayan Said were attacked, three of them died.
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.
Westbrook finished with 14 points on 5-of-17 shooting, 11 rebounds, nine assists and eight turnovers. He was talking about slowing down Rubio, but he might be better served getting himself going again.
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 .
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.
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.
The House and Senate previously passed resolutions to posthumously pardon Johnson , but no president has granted the pardon. Johnson fled the country after his conviction, but he agreed years later to return and serve a 10-month jail sentence.
Meek Mill has been released from prison
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".
Karnataka wants Narendra Modi's idea of development: Sambit Patra
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.
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 .
Will US Treasury drop Rusal sanctions?
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.
Nina chose Miracle over Collins, Cee-C lost Big Brother Niaja
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.
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".