(Reuters) – Facebook Inc
Shares of the world’s biggest social network jumped 4% in extended trading.
Revenue growth at Facebook, the world’s second-biggest seller of online ads after Alphabet’s Google
Total revenue rose to $18.69 billion from $16.89 billion in the second quarter ended June 30, beating analysts’ estimate of $17.40 billion, according to IBES data from Refinitiv.
Monthly active users rose to 2.70 billion in the quarter, ahead of estimates of 2.62 billion.
Net income came in at $5.18 billion, or $1.80 per share, compared with $2.62 billion a year earlier, which included a $2 billion charge related to Facebook’s privacy settlement with the U.S. Federal Trade Commission.
(Reporting by Katie Paul in San Fransisco and Subrat Patnaik in Bengaluru; Editing by Maju Samuel)