MENLO PARK, Calif.,
July 24, 2019 /PRNewswire/
-- Facebook, Inc. (Nasdaq: FB) today reported financial
results for the quarter ended June 30, 2019.
"We had a strong quarter and our business and community continue
to grow," said Mark Zuckerberg,
Facebook founder and CEO. "We are investing in building stronger
privacy protections for everyone and on delivering new experiences
for the people who use our services."
Second Quarter 2019 Financial Highlights
|
Three Months Ended
June 30,
|
|
Year-over-Year
%
|
In millions,
except percentages and per share amounts
|
2019*
|
|
2018
|
|
Change
|
Revenue:
|
|
|
|
|
|
Advertising
|
$
|
16,624
|
|
|
$
|
13,038
|
|
|
28
|
%
|
Payments
and other fees
|
262
|
|
|
193
|
|
|
36
|
%
|
Total
revenue
|
16,886
|
|
|
13,231
|
|
|
28
|
%
|
Total costs and
expenses
|
12,260
|
|
|
7,368
|
|
|
66
|
%
|
Income from
operations
|
$
|
4,626
|
|
|
$
|
5,863
|
|
|
(21)
|
%
|
Operating
margin
|
27
|
%
|
|
44
|
%
|
|
|
Provision for income
taxes
|
$
|
2,216
|
|
|
|
|
|
Effective tax
rate
|
46
|
%
|
|
|
|
|
Net income
|
$
|
2,616
|
|
|
$
|
5,106
|
|
|
(49)
|
%
|
Diluted earnings per
share (EPS)
|
$
|
0.91
|
|
|
$
|
1.74
|
|
|
(48)
|
%
|
|
*Includes an
additional $2.0 billion legal expense related to the U.S. Federal
Trade Commission (FTC) settlement and a $1.1 billion income tax
expense due to the developments in Altera Corp. v.
Commissioner, as discussed below. As the FTC expense is not
expected to be tax-deductible, it had no effect on our provision
for income taxes. Excluding these expenses, our operating margin
would have been 12 percentage points higher, our effective tax rate
would have been 30 percentage points lower and our diluted EPS
would have been $1.08 higher.
|
Second Quarter 2019 Operational and Other Financial
Highlights
- Daily active users (DAUs) – DAUs were 1.59 billion on
average for June 2019, an increase of
8% year-over-year.
- Monthly active users (MAUs) – MAUs were 2.41 billion as
of June 30, 2019, an increase of 8%
year-over-year.
- Mobile advertising revenue – Mobile advertising revenue
represented approximately 94% of advertising revenue for the second
quarter of 2019, up from approximately 91% of advertising revenue
in the second quarter of 2018.
- Capital expenditures – Capital expenditures, including
principal payments on finance leases, were $3.78 billion for the second quarter of
2019.
- Cash and cash equivalents and marketable securities –
Cash and cash equivalents and marketable securities were
$48.60 billion at the end of the
second quarter of 2019.
- Headcount – Headcount was 39,651 as of June 30, 2019, an increase of 31%
year-over-year.
In addition, we estimate that more than 2.1 billion people now
use Facebook, Instagram, WhatsApp, or Messenger (our "Family" of
services) every day on average, and more than 2.7 billion people
use at least one of our Family of services each month.
In July 2019, we entered into a
settlement and modified consent order to resolve the inquiry of the
FTC into our platform and user data practices. Among other matters,
our settlement with the FTC requires us to pay a penalty of
$5.0 billion and to significantly
enhance our practices and processes for privacy compliance and
oversight. In particular, we have agreed to implement a
comprehensive expansion of our privacy program, including
substantial management and board of directors oversight, stringent
operational requirements and reporting obligations, and a process
to regularly certify our compliance with the privacy program to the
FTC. In the second quarter of 2019, we recorded an additional
$2.0 billion accrual in connection
with our settlement with the FTC, which is included in accrued
expenses and other current liabilities on our condensed
consolidated balance sheet.
On June 7, 2019, a three-judge
panel from the Ninth Circuit Court of Appeals issued an opinion in
Altera Corp. v. Commissioner which reversed a United States
Tax Court decision regarding the treatment of share-based
compensation expense in a cost sharing arrangement and resulted in
a cumulative income tax expense of $1.11
billion recorded in the second quarter of 2019.
Other Matters
The online technology industry and our company have received
increased regulatory scrutiny in the past quarter. In June 2019, we were informed by the FTC that it
had opened an antitrust investigation of our company. In addition,
in July 2019, the Department of
Justice announced that it will begin an antitrust review of
market-leading online platforms.
Webcast and Conference Call Information
Facebook will host a conference call to discuss the results at
2 p.m. PT / 5
p.m. ET today. The live webcast of Facebook's earnings
conference call can be accessed at investor.fb.com, along with the
earnings press release, financial tables, and slide presentation.
Facebook uses the investor.fb.com and newsroom.fb.com websites as
well as Mark Zuckerberg's Facebook
Page (https://www.facebook.com/zuck) as means of disclosing
material non-public information and for complying with its
disclosure obligations under Regulation FD.
Following the call, a replay will be available at the same
website. A telephonic replay will be available for one week
following the conference call at +1 (404) 537-3406 or +1 (855)
859-2056, conference ID 1484548.
Transcripts of conference calls with publishing equity research
analysts held today will also be posted to
the investor.fb.com website.
About Facebook
Founded in 2004, Facebook's mission is to give people the power
to build community and bring the world closer together. People use
Facebook to stay connected with friends and family, to discover
what's going on in the world, and to share and express what matters
to them.
Contacts
Investors:
Deborah Crawford
investor@fb.com / investor.fb.com
Press:
Vanessa Chan
press@fb.com / newsroom.fb.com
Forward Looking Statements
This press release contains forward-looking statements regarding
our future business expectations. These forward-looking statements
are only predictions and may differ materially from actual results
due to a variety of factors including: our ability to retain or
increase users and engagement levels; our reliance on advertising
revenue; our dependency on mobile operating systems, networks, and
standards that we do not control; risks associated with new
products and changes to existing products as well as other new
business initiatives; our emphasis on user growth and engagement
and the user experience over short-term financial results;
maintaining and enhancing our brand and reputation; our ongoing
safety, security, and content review efforts; competition; risks
associated with government actions that could restrict access to
our products or impair our ability to sell advertising in certain
countries; litigation and government inquiries; privacy and
regulatory concerns; risks associated with acquisitions; security
breaches; and our ability to manage growth and
geographically-dispersed operations. These and other potential
risks and uncertainties that could cause actual results to differ
from the results predicted are more fully detailed under the
caption "Risk Factors" in our Quarterly Report on Form 10-Q filed
with the SEC on April 25, 2019, which
is available on our Investor Relations website at investor.fb.com
and on the SEC website at www.sec.gov. Additional information will
also be set forth in our Quarterly Report on Form 10-Q for the
quarter ended June 30, 2019. In addition, please note that the
date of this press release is July 24, 2019, and any
forward-looking statements contained herein are based on
assumptions that we believe to be reasonable as of this date. We
undertake no obligation to update these statements as a result of
new information or future events.
Non-GAAP Financial Measures
To supplement our condensed consolidated financial statements,
which are prepared and presented in accordance with generally
accepted accounting principles in the
United States (GAAP), we use the following non-GAAP
financial measures: revenue excluding foreign exchange effect,
advertising revenue excluding foreign exchange effect and free cash
flow. The presentation of these financial measures is not intended
to be considered in isolation or as a substitute for, or superior
to, financial information prepared and presented in accordance with
GAAP. Investors are cautioned that there are material limitations
associated with the use of non-GAAP financial measures as an
analytical tool. In addition, these measures may be different from
non-GAAP financial measures used by other companies, limiting their
usefulness for comparison purposes. We compensate for these
limitations by providing specific information regarding the GAAP
amounts excluded from these non-GAAP financial measures.
We believe these non-GAAP financial measures provide investors
with useful supplemental information about the financial
performance of our business, enable comparison of financial results
between periods where certain items may vary independent of
business performance, and allow for greater transparency with
respect to key metrics used by management in operating our
business.
We exclude the following items from our non-GAAP financial
measures:
Foreign exchange effect on revenue. We translated revenue
for the three and six months ended June 30, 2019 using the
prior year's monthly exchange rates for our settlement or billing
currencies other than the U.S. dollar, which we believe is a useful
metric that facilitates comparison to our historical
performance.
Purchases of property and equipment, net; Principal payments
on finance leases. We subtract both net purchases of property
and equipment and principal payments on finance leases in our
calculation of free cash flow because we believe that these two
items collectively represent the amount of property and equipment
we need to procure to support our business, regardless of whether
we procure such property or equipment with a finance lease. We
believe that this methodology can provide useful supplemental
information to help investors better understand underlying trends
in our business. Free cash flow is not intended to represent our
residual cash flow available for discretionary expenditures.
For more information on our non-GAAP financial measures and a
reconciliation of GAAP to non-GAAP measures, please see the
"Reconciliation of GAAP to Non-GAAP Results" table in this press
release.
FACEBOOK,
INC.
|
|
CONDENSED
CONSOLIDATED STATEMENTS OF INCOME
|
|
(In millions,
except for per share amounts)
|
|
(Unaudited)
|
|
|
Three Months
Ended
June 30,
|
|
Six Months
Ended
June 30,
|
|
|
2019*
|
|
2018
|
|
2019*
|
|
2018
|
|
Revenue
|
$
|
16,886
|
|
|
$
|
13,231
|
|
|
$
|
31,963
|
|
|
$
|
25,197
|
|
|
Costs and
expenses:
|
|
|
|
|
|
|
|
|
Cost of
revenue
|
3,307
|
|
|
2,214
|
|
|
6,123
|
|
|
4,141
|
|
|
Research and
development
|
3,315
|
|
|
2,523
|
|
|
6,175
|
|
|
4,761
|
|
|
Marketing and
sales
|
2,414
|
|
|
1,855
|
|
|
4,434
|
|
|
3,450
|
|
|
General and
administrative
|
3,224
|
|
|
776
|
|
|
7,288
|
|
|
1,532
|
|
|
Total costs and
expenses
|
12,260
|
|
|
7,368
|
|
|
24,020
|
|
|
13,884
|
|
|
Income from
operations
|
4,626
|
|
|
5,863
|
|
|
7,943
|
|
|
11,313
|
|
|
Interest and other
income, net
|
206
|
|
|
5
|
|
|
371
|
|
|
165
|
|
|
Income before
provision for income taxes
|
4,832
|
|
|
5,868
|
|
|
8,314
|
|
|
11,478
|
|
|
Provision for income
taxes
|
2,216
|
|
|
762
|
|
|
3,269
|
|
|
1,385
|
|
|
Net
income
|
$
|
2,616
|
|
|
$
|
5,106
|
|
|
$
|
5,045
|
|
|
$
|
10,093
|
|
|
Less: Net income
attributable to participating securities
|
—
|
|
|
—
|
|
|
—
|
|
|
1
|
|
|
Net income
attributable to Class A and Class B common
stockholders
|
$
|
2,616
|
|
|
$
|
5,106
|
|
|
$
|
5,045
|
|
|
$
|
10,092
|
|
|
Earnings per share
attributable to Class A and Class B common
stockholders:
|
|
|
|
|
|
|
|
|
Basic
|
$
|
0.92
|
|
|
$
|
1.76
|
|
|
$
|
1.77
|
|
|
$
|
3.48
|
|
|
Diluted
|
$
|
0.91
|
|
|
$
|
1.74
|
|
|
$
|
1.76
|
|
|
$
|
3.43
|
|
|
Weighted average
shares used to compute earnings per share attributable to
Class A and
|
|
|
|
|
|
|
|
|
Class B common
stockholders:
|
|
|
|
|
|
|
|
|
Basic
|
2,855
|
|
|
2,895
|
|
|
2,855
|
|
|
2,900
|
|
|
Diluted
|
2,875
|
|
|
2,930
|
|
|
2,873
|
|
|
2,939
|
|
|
Share-based
compensation expense included in costs and expenses:
|
|
|
|
|
|
|
|
|
Cost of
revenue
|
$
|
109
|
|
|
$
|
74
|
|
|
$
|
196
|
|
|
$
|
130
|
|
|
Research and
development
|
927
|
|
|
881
|
|
|
1,650
|
|
|
1,599
|
|
|
Marketing and
sales
|
160
|
|
|
139
|
|
|
273
|
|
|
248
|
|
|
General and
administrative
|
107
|
|
|
92
|
|
|
194
|
|
|
164
|
|
|
Total share-based
compensation expense
|
$
|
1,303
|
|
|
$
|
1,186
|
|
|
$
|
2,313
|
|
|
$
|
2,141
|
|
|
|
*Includes $2.0
billion and $5.0 billion of legal expenses accrued within general
and administrative expense related to the FTC settlement in the
second quarter and the first six months of 2019, respectively, and
$1.1 billion of cumulative income tax expense related to the
Altera matter.
|
FACEBOOK,
INC.
|
|
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
|
(In
millions)
|
|
(Unaudited)
|
|
|
|
|
June 30,
2019
|
|
December 31,
2018
|
|
Assets
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
Cash and cash
equivalents
|
$
|
13,877
|
|
|
$
|
10,019
|
|
|
|
Marketable
securities
|
34,719
|
|
|
31,095
|
|
|
|
Accounts receivable,
net of allowances of $295 and $229 as of June 30, 2019
and
|
|
|
|
|
|
|
|
December 31, 2018,
respectively
|
7,513
|
|
|
7,587
|
|
|
|
Prepaid expenses and
other current assets
|
1,852
|
|
|
1,779
|
|
|
|
|
Total current
assets
|
57,961
|
|
|
50,480
|
|
|
Property and
equipment, net
|
29,999
|
|
|
24,683
|
|
|
Operating lease
right-of-use assets, net
|
7,272
|
|
|
—
|
|
|
Intangible assets,
net
|
994
|
|
|
1,294
|
|
|
Goodwill
|
18,334
|
|
|
18,301
|
|
|
Other
assets
|
2,446
|
|
|
2,576
|
|
|
Total
assets
|
$
|
117,006
|
|
|
$
|
97,334
|
|
|
|
|
|
|
|
|
|
Liabilities and
stockholders' equity
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
Accounts
payable
|
$
|
655
|
|
|
$
|
820
|
|
|
|
Partners
payable
|
560
|
|
|
541
|
|
|
|
Operating lease
liabilities, current
|
688
|
|
|
—
|
|
|
|
Accrued expenses and
other current liabilities
|
10,878
|
|
|
5,509
|
|
|
|
Deferred revenue and
deposits
|
198
|
|
|
147
|
|
|
|
|
Total current
liabilities
|
12,979
|
|
|
7,017
|
|
|
Operating lease
liabilities, non-current
|
7,122
|
|
|
—
|
|
|
Other
liabilities
|
8,143
|
|
|
6,190
|
|
|
|
|
Total
liabilities
|
28,244
|
|
|
13,207
|
|
|
Commitments and
contingencies
|
|
|
|
|
Stockholders'
equity:
|
|
|
|
|
|
Common stock and
additional paid-in capital
|
44,277
|
|
|
42,906
|
|
|
|
Accumulated other
comprehensive loss
|
(483)
|
|
|
(760)
|
|
|
|
Retained
earnings
|
44,968
|
|
|
41,981
|
|
|
|
|
Total stockholders'
equity
|
88,762
|
|
|
84,127
|
|
|
Total liabilities
and stockholders' equity
|
$
|
117,006
|
|
|
$
|
97,334
|
|
|
FACEBOOK,
INC.
|
|
CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS
|
|
(In
millions)
|
|
(Unaudited)
|
|
|
Three Months
Ended
June 30,
|
|
Six Months
Ended
June 30,
|
|
|
2019
|
|
2018
|
|
2019
|
|
2018
|
|
Cash flows from
operating activities
|
|
|
|
|
|
|
|
|
Net income
|
$
|
2,616
|
|
|
$
|
5,106
|
|
|
$
|
5,045
|
|
|
$
|
10,093
|
|
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
1,502
|
|
|
1,034
|
|
|
2,857
|
|
|
1,983
|
|
|
Share-based compensation
|
1,303
|
|
|
1,186
|
|
|
2,313
|
|
|
2,141
|
|
|
Deferred
income taxes
|
1
|
|
|
101
|
|
|
184
|
|
|
54
|
|
|
Other
|
9
|
|
|
10
|
|
|
14
|
|
|
18
|
|
|
Changes in assets and
liabilities:
|
|
|
|
|
|
|
|
|
Accounts
receivable
|
(1,006)
|
|
|
(627)
|
|
|
64
|
|
|
161
|
|
|
Prepaid
expenses and other current assets
|
(252)
|
|
|
(535)
|
|
|
(168)
|
|
|
(898)
|
|
|
Other
assets
|
24
|
|
|
(77)
|
|
|
65
|
|
|
(59)
|
|
|
Operating lease right-of-use assets, net
|
(521)
|
|
|
—
|
|
|
(1,711)
|
|
|
—
|
|
|
Accounts
payable
|
8
|
|
|
49
|
|
|
(87)
|
|
|
50
|
|
|
Partners
payable
|
20
|
|
|
51
|
|
|
20
|
|
|
53
|
|
|
Accrued
expenses and other current liabilities
|
2,827
|
|
|
(17)
|
|
|
5,982
|
|
|
690
|
|
|
Deferred
revenue and deposits
|
55
|
|
|
—
|
|
|
51
|
|
|
(4)
|
|
|
Operating lease liabilities, non-current
|
556
|
|
|
—
|
|
|
1,638
|
|
|
—
|
|
|
Other
liabilities
|
1,473
|
|
|
18
|
|
|
1,657
|
|
|
(124)
|
|
|
Net cash provided
by operating activities
|
8,615
|
|
|
6,299
|
|
|
17,924
|
|
|
14,158
|
|
|
Cash flows from
investing activities
|
|
|
|
|
|
|
|
|
Purchases of property
and equipment, net
|
(3,633)
|
|
|
(3,459)
|
|
|
(7,470)
|
|
|
(6,272)
|
|
|
Purchases of
marketable securities
|
(5,152)
|
|
|
(4,261)
|
|
|
(11,755)
|
|
|
(8,283)
|
|
|
Sales of marketable
securities
|
2,944
|
|
|
4,282
|
|
|
4,456
|
|
|
8,612
|
|
|
Maturities of
marketable securities
|
1,895
|
|
|
1,071
|
|
|
4,105
|
|
|
2,338
|
|
|
Other investing
activities, net
|
(64)
|
|
|
(16)
|
|
|
(114)
|
|
|
(66)
|
|
|
Net cash used in
investing activities
|
(4,010)
|
|
|
(2,383)
|
|
|
(10,778)
|
|
|
(3,671)
|
|
|
Cash flows from
financing activities
|
|
|
|
|
|
|
|
|
Taxes paid related to
net share settlement of equity awards
|
(606)
|
|
|
(927)
|
|
|
(1,119)
|
|
|
(1,758)
|
|
|
Repurchases of Class
A common stock
|
(1,144)
|
|
|
(3,349)
|
|
|
(1,758)
|
|
|
(5,123)
|
|
|
Principal payments on
finance leases
|
(142)
|
|
|
—
|
|
|
(267)
|
|
|
—
|
|
|
Net change in
overdraft in cash pooling entities
|
58
|
|
|
—
|
|
|
(119)
|
|
|
—
|
|
|
Other financing
activities, net
|
4
|
|
|
4
|
|
|
9
|
|
|
7
|
|
|
Net cash used in
financing activities
|
(1,830)
|
|
|
(4,272)
|
|
|
(3,254)
|
|
|
(6,874)
|
|
|
Effect of exchange
rate changes on cash, cash equivalents, and restricted
cash
|
26
|
|
|
(186)
|
|
|
(18)
|
|
|
(149)
|
|
|
Net increase
(decrease) in cash, cash equivalents, and restricted
cash
|
2,801
|
|
|
(542)
|
|
|
3,874
|
|
|
3,464
|
|
|
Cash, cash
equivalents, and restricted cash at beginning of the
period
|
11,197
|
|
|
12,210
|
|
|
10,124
|
|
|
8,204
|
|
|
Cash, cash
equivalents, and restricted cash at end of the
period
|
$
|
13,998
|
|
|
$
|
11,668
|
|
|
$
|
13,998
|
|
|
$
|
11,668
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of
cash, cash equivalents, and restricted cash to the
condensed
|
|
|
|
|
|
|
|
|
consolidated
balance sheets
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
$
|
13,877
|
|
|
$
|
11,552
|
|
|
$
|
13,877
|
|
|
$
|
11,552
|
|
|
Restricted cash,
included in prepaid expenses and other current assets
|
9
|
|
|
11
|
|
|
9
|
|
|
11
|
|
|
Restricted cash,
included in other assets
|
112
|
|
|
105
|
|
|
112
|
|
|
105
|
|
|
Total cash, cash
equivalents, and restricted cash
|
$
|
13,998
|
|
|
$
|
11,668
|
|
|
$
|
13,998
|
|
|
$
|
11,668
|
|
|
FACEBOOK,
INC.
|
CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS
|
(In
millions)
|
(Unaudited)
|
|
Three Months
Ended
June 30,
|
|
Six Months
Ended
June 30,
|
|
2019
|
|
2018
|
|
2019
|
|
2018
|
Supplemental cash
flow data
|
|
|
|
|
|
|
|
Cash paid during the
period for:
|
|
|
|
|
|
|
|
Interest
|
$
|
3
|
|
|
$
|
—
|
|
|
$
|
6
|
|
|
$
|
—
|
|
Income taxes,
net
|
$
|
1,014
|
|
|
$
|
1,545
|
|
|
$
|
1,696
|
|
|
$
|
2,281
|
|
Non-cash investing
activities:
|
|
|
|
|
|
|
|
Net change in
prepaids and liabilities related to property and
equipment
|
$
|
111
|
|
|
$
|
(198)
|
|
|
$
|
(203)
|
|
|
$
|
231
|
|
Property and
equipment in accounts payable and accrued liabilities
|
$
|
1,667
|
|
|
$
|
1,146
|
|
|
$
|
1,667
|
|
|
$
|
1,146
|
|
Reconciliation of
GAAP to Non-GAAP Results
|
(In millions,
except percentages)
|
(Unaudited)
|
|
Three Months
Ended
June 30,
|
|
Six Months
Ended
June 30,
|
|
2019
|
|
2018
|
|
2019
|
|
2018
|
GAAP
revenue
|
$
|
16,886
|
|
|
$
|
13,231
|
|
|
$
|
31,963
|
|
|
$
|
25,197
|
|
Foreign exchange
effect on 2019 revenue using 2018 rates
|
574
|
|
|
|
|
1,077
|
|
|
|
Revenue excluding
foreign exchange effect
|
$
|
17,460
|
|
|
|
|
$
|
33,040
|
|
|
|
GAAP revenue
year-over-year change %
|
28
|
%
|
|
|
|
27
|
%
|
|
|
Revenue excluding
foreign exchange effect year-over-year change %
|
32
|
%
|
|
|
|
31
|
%
|
|
|
GAAP advertising
revenue
|
$
|
16,624
|
|
|
$
|
13,038
|
|
|
$
|
31,536
|
|
|
$
|
24,833
|
|
Foreign exchange
effect on 2019 advertising revenue using 2018 rates
|
572
|
|
|
|
|
1,075
|
|
|
|
Advertising revenue
excluding foreign exchange effect
|
$
|
17,196
|
|
|
|
|
$
|
32,611
|
|
|
|
GAAP advertising
revenue year-over-year change %
|
28
|
%
|
|
|
|
27
|
%
|
|
|
Advertising revenue
excluding foreign exchange effect year-over-year change
%
|
32
|
%
|
|
|
|
31
|
%
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by
operating activities
|
$
|
8,615
|
|
|
$
|
6,299
|
|
|
$
|
17,924
|
|
|
$
|
14,158
|
|
Purchases of property
and equipment, net
|
(3,633)
|
|
|
(3,459)
|
|
|
(7,470)
|
|
|
(6,272)
|
|
Principal payments on
finance leases
|
(142)
|
|
|
—
|
|
|
(267)
|
|
|
—
|
|
Free cash
flow
|
$
|
4,840
|
|
|
$
|
2,840
|
|
|
$
|
10,187
|
|
|
$
|
7,886
|
|
View original
content:http://www.prnewswire.com/news-releases/facebook-reports-second-quarter-2019-results-300890561.html
SOURCE Facebook