TWiT Bit 2866: Facebook Crushes Earnings
July 27, 2016•5 min
Jason Howell and Megan Morrone discuss Facebook earnings. The company now has 1.13 billion daily active users on average for June 2016, an increase of 17% year-over-year. The social network also announced a profit of 97 cents per share on $6.44 billion in revenue for the quarter. That’s 15 cents more than analysts had predicted, almost half a billion more in revenue. Facebook’s generating more money per user than expected, at $3.82 per user - 22 cents higher than estimates. Full episode can be found at twit.tv/tnt/1564 Bandwidth for TWiT Bits is provided by Cachefly.