Facebook Q1 earnings per share $1.04
Facebook also said it will no longer report earnings on an adjusted, or non-GAAP, basis.
Monthly active users totaled 1.94 billion while daily active users hit 1.28 billion. Expectations were for these numbers to hit 1.9 billion and 1.26 billion, respectively.
“We had a good start to 2017,” Mark Zuckerberg, Facebook founder and CEO, said in a release. “We’re continuing to build tools to support a strong global community.”
Facebook added that in the first quarter, mobile advertising revenue represented approximately 85% of advertising revenue, up from approximately 82% of advertising revenue in the first quarter of 2016.
As of the end of the first quarter, the company held about $32 billion in cash and equivalents, and its headcount was 18,770, up 38% from last year. ■