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This increases fears that the days of growth with astronomical numbers for Facebook are definitely a thing of the past, and the shares of the largest social network fell 7.2 percent in trading after the market closed.
It was announced Facebook Its slowest revenue growth ever in the fourth quarter of the year at 25 percent. Facebook finance chief David Wiener said at a conference call with investors that the pace of growth would further slow in the first quarter of 2020.
Wiener expects a percentage point decrease in the rate of growth between the first and middle of the single digit, attributing this to the maturity of Facebook activities and the impact of global regulations on privacy and concerns about targeted advertising activity.
The company announced a 34 percent increase in total costs and expenses to $ 12.22 billion in the fourth quarter, more than twice the 14 percent that analysts had expected, pushing operating profit margins down to 42 percent from 46 percent a year ago.
It outgrows growth Revenues, At 25 percent, in the fourth quarter, analysts forecast for 23 percent growth.
But it is the fourth consecutive quarter that the company has achieved revenue growth of less than thirty percent, which raises fears that Facebook is facing difficulties to regain the momentum before 2018 when sales growth was usually climbing by 40 percent.
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This increases fears that the days of growth with astronomical numbers for Facebook are definitely a thing of the past, and the shares of the largest social network fell 7.2 percent in trading after the market closed.
And Facebook announced its slowest revenue growth ever in the fourth quarter of the year at 25 percent. Facebook finance chief David Wiener said at a conference call with investors that the pace of growth would further slow in the first quarter of 2020.
Wiener expects a percentage point decrease in the rate of growth between the first and middle of the single digit, attributing this to the maturity of Facebook activities and the impact of global regulations on privacy and concerns about targeted advertising activity.
The company announced a 34 percent increase in total costs and expenses to $ 12.22 billion in the fourth quarter, more than twice the 14 percent that analysts had expected, pushing operating profit margins down to 42 percent from 46 percent a year ago.
Revenue growth of 25 percent in the fourth quarter exceeded analysts’ forecast for 23 percent.
But it is the fourth consecutive quarter that the company has achieved revenue growth of less than thirty percent, which raises fears that Facebook is facing difficulties to regain the momentum before 2018 when sales growth was usually climbing by 40 percent.
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