Hackers and scandals could not stop Facebook from registering solid earnings last year.
Touching a record $6.9 billion in the last three months of 2018, Facebook’s profit surged +61% from the year-ago period. This was higher Wall Street estimates. The social networking giant's revenue for the quarter rose +30% to $16.9 billion.
The company has garnered 1.52 billion daily users and 2.32 billion monthly users of its social network. Both these figures are +9% higher compared to the preceding year. On a daily basis, 2 billion people use at least one of its services – Instagram, WhatsApp, Messenger or Facebook. Facebook also managed to make net additions to its daily userbase in apparently more saturated markets, Europe and North America.
Facebook’s fundamentals in 2018 seem like a ray of hope for the company, as the year was also an extremely challenging one for it. The Cambridge-Analytica data scandal erupted in early 2018, followed by a massive hacking on Facebook’s social networking platform in September 2018.