Facebook did better than expected despite the tax burden

The results of Facebook soared, but users spend less time on the network (Photo by Daniel LEAL-OLIVAS. AFP)

Facebook (NASDAQ:FB) has released on Wednesday results in a net increase despite a high tax burden but has stated that users spend less time on the largest social network in the world, resulting in a decline in the Stock price.

To 21H50 GMT, the share decreased significantly from 4.22 per cent to 179 dollars in electronic trading after the close of Wall Street.

“2017 was a strong year but also a difficult year”, commented the boss of the group Mark Zuckerberg, quoted in the press release, in reference to the criticisms that have rained down for months on Facebook, accused of leaving occur the misinformation. The group has therefore announced some changes, some of which are occurred by the end of 2017, to try to straighten the bar. Of the changes that have resulted in a decrease in time spent on the network of “about 50 million hours per day”.

The expenditures have also increased significantly, from $ 15.2 billion in 2016 to us $ 20.5 billion in 2017, has added Facebook, which has been hired in the last year to combat the objectionable material.

However, the net income for the fourth quarter appears to be $ 4.3 billion, up 20% and almost 16 billion year-on-year (+56%). The group indicates that it has counted to an income tax expense exceptional 2.27 billion at the end of the year, and without it, the adjusted earnings would be out $ 2.21 $ action, be better than expected by analysts.

The quarterly revenue jumped 47% to $ 13 billion, also better than expected, as the c. a. the annual, which reached 40.6 billion (+47%). The number of monthly users is in line with expectations, to 2.13 billion.

The revenue mobile advertising accounted for 89% of the revenue total in the fourth quarter, compared to 84% in the same period of 2016.

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