The company hit a major milestone during its second quarter, surpassing a $1 trillion market capitalization in late June. Shares fell about 4.5% in late trading following the release. User numbers ballooned during 2020, as the pandemic kept people inside and online, but the firm said: "We expect year-over-year total revenue growth rates to decelerate significantly" in the second half of 2021. The total number of ads delivered rose 6% year-over-year, Facebook said, while revenue from the segment was up 47%. Facebook (NASDAQ:FB) stock was down more than 3 in Thursday’s premarket trading after the company warned of revenue growth slowing down significantly in. Facebook warns growth to slow significantly. Total monthly active users (MAUs): 2.9 billion versus estimates of 2.9 billion.įacebook's MAU count is tied to its lucrative advertising business.the net damage costs of climate change are likely to be significant and to increase over time. For its second quarter, however, the firm surpassed estimates and. In the third and fourth quarters of 2021, we expect year-over-year total revenue growth rates to decelerate significantly on a sequential basis as we lap periods of increasingly strong growth, Chief Financial Officer Dave Wehner said in the earnings release. Severe weather damage will also increase and intensify. 3 hours ago &0183 &32 Singapore‘s Ministry of Trade and Industry (MTI) has announced that it is maintaining its growth forecast for 2023 at 0.5 to 2.5, with growth expected to be around the mid-point of this range.This comes as the economy experienced a 0. Facebook said growth will slow down in the coming months after a pandemic-driven boom. Earnings per share (EPS): $3.61 versus estimates of $3.02. Facebook warns of significant slowdown in sales growth Back to video.Revenue: $29.1 billion versus $27.9 billion expected. Facebook Inc (FB.O) said on Wednesday it expects revenue growth to 'decelerate significantly,' sending the social media giant's shares down 3.5 in extended trading even as it reported strong ad.Facebook on Wednesday reported its second-quarter earnings that largely exceeded investor expectations while warning of growing pains to come.
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