Can I read Facebook Q1 2020 Financial Results on EtoBox?

Facebook Q1 2020 Financial Results by Scott is a document available to read on EtoBox.

What is Facebook Q1 2020 Financial Results about?

Facebook reported first quarter 2020 results. Revenue grew 18% year-over-year to $17.7 billion due to a 17% increase in advertising revenue. However, the COVID-19 pandemic negatively impacted advertising demand and pricing in late March. Net income doubled to $4.9 billion compared to the prior year. Facebook expects engagement to decrease as shelter-in-place orders are lifted and total expenses to be between $52-56 billion, down from prior guidance.

Author

Scott

Language

EN