The number of daily active Facebook users has risen to 1.59 billion in the second quarter of 2019, up 8% YTY. FB mobile revenue increased to 94% of total ad revenue compared to 91% in the same period last year.
With an increase in the number of users per day and advertising revenue, Facebook's consolidated revenue grew 28% year on year in the second quarter. Adjusted earnings increased from $1.74 per share over the previous year to $1.99 per share.
"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."
Despite the strong growth in Facebook stock prices, further positive development is supported by a strong evaluation of the company based on the significant increase in financial results. Its shares are traded at about 22 times the profit in line with the industry average. The company expects further growth in the upcoming two quarters this year, which could help increase the dynamics of stock prices.
