Facebook reports $4.9 billion net income in Q1 2018, up 63% YoY; 2.20 billion monthly active users

Facebook has revealed financial results for Q1 2018. The company has generated a total revenue of $4,988 million, an increase of 63%  year-over-year. It has reported the quarterly GAAP net income at $11,666 million compared to the $8,032 million same quarter last year. The GAAP diluted EPS was reported at $1.69 compared to the $1.04 in 2017. The company has reported daily active users of 1.45 billion on average for Marc2018, which is an increase of 13% year-over-year. As for Monthly active users, it reported a  2.20 billion and an increase of 13% year-over-year. The mobile advertising revenue represented approximately 91% of advertising revenue for the first quarter of 2018, which is up from approximately 85% of advertising revenue in the first quarter of 2017. The company's headcount was reported at 27,742 as of March 31, 2018, an increase of 48% year-over-year. Facebook's cash and cash equivalents and marketable securities were $43.96 billion at the end of the first quarter of 2018. It reported capital expenditures of $2.81 billion. Facebook's Operating margin is accounted at 46 % compared to the 41 % same time last year. Mark Zuckerberg, Facebook founder, and CEO said: Despite facing important challenges, our community and business are off to a strong start in 2018. We are taking a broader view of our responsibility ...