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Facebook misses estimates on monthly active users

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Reuters

(Reuters) - Facebook Inc fell short of analysts' estimates for monthly active users on Wednesday, months after the social network became embroiled in a data scandal that affected millions of its users.

The company said monthly active users rose to 2.23 billion, compared with estimates of 2.25 billion, according to Thomson Reuters I/B/E/S.

Net income attributable to Facebook shareholders rose to $5.11 billion, or $1.74 per share, in the second quarter ended June 30 from $3.89 billion, or $1.32 per share, a year earlier.

Total revenue rose 41.9 percent to $13.23 billion.

(Reporting by Munsif Vengattil in Bengaluru and Paresh Dave in San Francisco; Editing by Anil D'Silva)

 

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First Published: Jul 26 2018 | 1:45 AM IST

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