REUTERS/Leah Millis
Facebook CEO Mark Zuckerberg
Facebook reports its Q2 2019 financial results after markets close on Wednesday.
The results come just hours after the US Federal Trade Commission (FTC) announced it has reached a record-breaking $5 billion settlement with Facebook over the company's myriad privacy issues.
Here are the key numbers Wall Street is expecting, via Bloomberg:
- Earnings Per Share (EPS) GAAP: $1.89
- Revenue: $15.08 billion, up roughly 14% year-over-year.
- Daily Active Users: 1.57 billion, up from 1.56 billion in Q1
- Monthly Active Users: 2.42 billion, up from 2.38 billion in Q1
After two years of constant scandals, Facebook's stock has largely rebounded in recent months, and is up more than 50% so far this year. Prior to its Q2 results, analysts have been broadly bullish about the company's prospects in light of its steady user numbers - illustrating how its crises have thus far failed to put in a serious dent in the business.
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