Facebook Reports First Quarter 2018 Results
 
MENLO PARK, Calif. – April 25, 2018 – Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2018.

"Despite facing important challenges, our community and business are off to a strong start in 2018," said Mark Zuckerberg, Facebook founder and CEO. "We are taking a broader view of our responsibility and investing to make sure our services are used for good. But we also need to keep building new tools to help people connect, strengthen our communities, and bring the world closer together."

First Quarter 2018 Financial Highlights

 
Three Months Ended March 31,
 
Year-over-Year % Change
In millions, except percentages and per share amounts
2018
 
2017
 
Revenue:
 
 
 
 
 
   Advertising
$
11,795

 
$
7,857

 
50
 %
   Payments and other fees
171

 
175

 
(2
)%
Total revenue
11,966

 
8,032

 
49
 %
Total costs and expenses
6,517

 
4,705

 
39
 %
Income from operations
$
5,449

 
$
3,327

 
64
 %
Operating margin
46
%
 
41
%
 

Provision for income taxes
$
622

 
 
 

Effective tax rate
11
%
 
 
 


Net income
$
4,988

 
$
3,064

 
63
 %
Diluted Earnings per Share (EPS)
$
1.69

 
$
1.04

 
63
 %

First Quarter 2018 Operational and Other Financial Highlights

Daily active users (DAUs) – DAUs were 1.45 billion on average for March 2018, an increase of 13% year-over-year.
Monthly active users (MAUs) – MAUs were 2.20 billion as of March 31, 2018, an increase of 13% year-over-year.
Mobile advertising revenue – Mobile advertising revenue represented approximately 91% of advertising revenue for the first quarter of 2018, up from approximately 85% of advertising revenue in the first quarter of 2017.
Capital expenditures – Capital expenditures for the first quarter of 2018 were $2.81 billion.
Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $43.96 billion at the end of the first quarter of 2018.
Headcount – Headcount was 27,742 as of March 31, 2018, an increase of 48% year-over-year.
In April 2018, we increased the amount authorized under our share repurchase program by an additional $9.0 billion. Our board of directors originally authorized repurchases of up to $6.0 billion of our Class A common stock under the repurchase program, and this increase is incremental to the original authorization.

1


The following information was filed by Facebook Inc (FB) on Wednesday, April 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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