Facebook rises after reporting 'stability' in ad revenue after fall in March [MSNBC.com]
Meta Platforms, Inc. - Class A (FB)
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Source: MSNBC.com
Attendees walk past a Facebook logo during Facebook's F8 developers conference in San Jose, California, April 30, 2019.Stephen Lam | Reutersfirst-quarter results (EPS):Facebook said it is now seeing signs of stabilization after seeing an initial steep decrease in advertising revenue in March due to Covid-19. Early data for April looks more promising, the company said. This echoes whatGoogleon Tuesday This metric is used to measure Facebook's total user base across its main app, Instagram, Messenger and WhatsApp.In the U.S. and Canada, Facebook's user base rose to 195 million daily active users from 190 million a quarter earlier. Its user base in Europe increased to 305 million from 294 million daily active users in the prior quarter.Analysts surveyed by Refinitiv expect $1.75 in earnings per share and $17.41 billion in revenue for the first quarter. However, comparing Facebook's results against analysts' estimates is not straightforward given the coronavirus pandemic's impact on econo
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