According to the reported results Wednesday, the net profit of US social network was down 20% to $ 509 million in the first quarter. Earnings per share, which is the benchmark on Wall Street, nevertheless exceeded by 2 cents the average forecast of analysts at 42 cents.
The turnover, up 42% to $ 3.54 billion, is however slightly below the consensus (3.56 billion).
Like many US multinationals, Facebook is suffering from the stronger dollar weighing on the results of its international activities: he said in a statement that without the currency effects, its sales sales would have increased by 49%.
Ad revenue, the main source of income group whose online services are free for users, have notably increased 46% to $ 3.32 billion, with an ever increasing share of mobile revenues (73% against 69% in the fourth quarter).
However, the costs and expenses parallel group soared by 83% year on year to 2.61 billion. Facebook warned that spending would rise sharply, citing + 55% to + 70% for this year.
Research and development expenditures included more than doubled to $ 1.06 billion, while the group is investing heavily in its advertising services and its main products, but also in more futuristic projects like Internet relayed by drones or virtual reality.
The social network Facebook claimed 1.44 billion in March end members, 65% of logging in every day to its network. In late December, they were 1.39 billion, 64% of daily users.
In electronic trading after the close of Wall Street, the Facebook share lost 0.74% to $ 84 to 8:25 p.m. GMT.
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