[video type='youtube' id='445XfafDqJA' data-height='365']
In its first quarter earnings report, Facebook reported a revenue of $5.38 billion, earning 77 cents per share thereby shattering investor estimates of about 62 cents per share on $5.26 billion in revenue.
Revenues increased 52% from $3.54 billion during the same period last year. Net profit, on the other hand, almost jumped three times from $512 million, or 18 cents a share during Q1 2015 to $1.51 billion, or 52 cents a share in this quarter.
Advertisement