MarketWatch First Take: Facebook investors, are you starting to see a pattern yet?
Facebook Inc. Chief Financial Officer David Wehner is the Chicken Little of Silicon Valley, yet investors are still acting on his warnings.
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Facebook announced its Q2 2021 earnings today.
The company revealed advertising revenue of $28 billion, a 56% year-over-year increase.
It did, however, warn that Apple s ATT will impact its ad business in Q3.
Despite Apple s anti-tracking privacy changes with iOS 14.5, Facebook is still making a ton of money with its advertising business.
Facebook held its Q2 earnings call today and announced that advertising revenue had passed $28 billion, a 56% year-over-year increase. Noted by Jason Kint, Facebook s CFO, David Wehner, said that the company expects to see an impact on its ad revenue in the third quarter rather than the second quarter. We continue to expect increased ad targeting headwinds in 2021 from regulatory and platform changes, notably the recent iOS updates, which we expect to have a greater impact in the third quarter compared to the second quarter.
Facebook doubles profit but braces for hit from Apple privacy changes
By
Clare Duffy, CNN Business
Published Jul 29, 2021 12:00:33 PM
enablePagination: false
(CNN) Facebook s business is soaring, but the boom times may not last.
Facebook on Wednesday reported revenue of nearly $29.1 billion for the three months ended June 30, a 56% jump from the same period last year when online advertising took a hit as businesses grappled with Covid-19. The company also more than doubled its quarterly profit to almost $10.4 billion, well above the $8.7 billion analysts projected.
However, the outlook for the rest of 2021 is not so sunny, CFO David Wehner said in a statement with the earnings report.
2021-07-29 03:06:07 GMT2021-07-29 11:06:07(Beijing Time) Xinhua English
SAN FRANCISCO, July 28 (Xinhua) U.S. social media giant Facebook s second-quarter earnings saw net income double from a year earlier to 10.39 billion U.S. dollars.
The company s net income for the quarter ending on June 30 grew 101 percent compared with 5.18 billion dollars in the corresponding period last year.
Revenue for the quarter hit 29.08 billion dollars, up 56 percent year over year from 18.69 billion dollars, with advertising revenue rising to 28.58 billion dollars compared with 18.32 billion dollars in the same period last year.
The company s daily active users were 1.91 billion on average for June 2021, an increase of 7 percent from a year ago, while its monthly active users were 2.90 billion, up 7-percent year on year, according to the financial report.
Facebook reports 56% revenue growth in Q2 2021, despite iOS app tracking transparеncy feature In April, Apple introduced a new privacy-related feature for iOS, which allows users to block app tracking if they wish to do so. One of the main opponents of the new feature was Facebook, which claimed this will negatively impact it and the businesses relying on Facebook for advertisement. Facebook has now released its fiscal 2021 second-quarter results, and it has experienced quite the big growth from last year, reports 9to5Mac.
Facebook reaches 56% revenue growth from last year despite the iOS privacy features
Apparently, Facebook hasn t been affected by the new privacy changes on iOS, at least not yet. The tech giant has recorded $29 billion in revenue for the second quarter of 2021. Even more impressive is the profit the company registered, which grew 101% to $10.4 billion.