Facebook: Quarterly above expectations

Facebook closed the first quarter with a profit of 77 cents per share, above expectations of analysts betting on 63 cent. Revenues totaled 5.38 billion dollars, above the 5.27 billion dollars expected by the market. The results above expectations push the titles in after hours trading, where do you gain more than 8%.

"We had a good start of the year," says the CEO of Facebook, Mark Zuckerberg, noting that the focus is not on "what Facebook is today, but on what can be and what needs to be for the community. " The social network has closed the first quarter with a net profit doubled to 1.51 billion dollars, compared with 512 million the same period last year. Revenues were up 52%, driven primarily by advertising on mobile devices. Revenues from mobile advertising have represented 82% of the first quarter advertising revenue. According to estimates of the company eMarketer, Facebook will win 12% of the global market from 186.81 billion dollars of digital advertising, an increase compared to 10.7% in 2015.

In announcing the results, Facebook offers a new class of shares without voting rights, which can be sold without diluting the control of the company by Zuckerberg. In a letter attached to the accounts, Zuckerberg explained his decision to maintain control in the long term: "In the past my control has allowed Facebook to do things that do not immediately have given results, such as the acquisition of Instagram . and it is necessary that Facebook will continue on this path. We are focused on a roadmap of 10 years and giving everyone the power to share with anyone you want about anything you want. " And finally: "We are focused not on what Facebook is today, but on what can be and what needs to be for the community. This translates into investments in areas such as artificial intelligence and the development of virtual reality" .