The House of Zuck on Wednesday revealed gains [link] in revenues, daily active users, and mobile advertising in the second quarter of 2019, as it took those massive settlement fees in its stride.
For the three months to June 30:
Revenues of $16.6bn were up 28 per cent from the year-ago quarter.
Net income was $2.6bn, a 49 per cent decrease on the quarter. This is largely due to a $2bn wedge Facebook coughed up, in addition to the $3bn already set aside, to foot the $5bn settlement fee owed to Uncle Sam's trade regulator, the FTC, regarding its privacy snafus, and a separate $1.1bn charge related to recent changes [PDF] in stock compensation rules. Facebook also owes America's financial watchdog $100m for misleading investors.
Earnings per share of $0.91 were short of the $1.88 analyst forecast, but Facebook notes that absent the tax and settlement charges, EPS would have been $1.99.
Daily active users were up 8 per cent, with 1.59 billion people using the antisocial network on a day-to-day basis. Monthly active users were also up 8 per cent, at 2.41 billion.
https://www.theregister.co.uk/2019/07/24/doj_ftc_antitrust_facebook/
https://investor.fb.com/investor-news/press-release-details/2019/Facebook-Reports-Second-Quarter-2019-Results/default.aspx