Facebook Reports Second Quarter 2020 Results

Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended June 30, 2020. "We're glad to be able to provide small businesses the tools they need to grow and be successful online during these challenging times," said Mark Zuckerberg, Facebook founder and CEO. "And we're proud that people can rely on our services to stay connected when they can't always be together in person." Second Quarter 2020 Financial Highlights Three Months Ended June 30, Year-over-Year % In millions, except percentages and per share amounts 2020 2019 (1) Change Revenue: Advertising $ 18,321 $ 16,624 10% Other 366 262 40% Total revenue 18,687 16,886 11% Total costs and expenses 12,724 12,260 4% Income from operations $ 5,963 $ 4,626 29% Operating margin 32% 27% Provision for income taxes $ 953 $ 2,216 (57)% Effective tax rate

30 Jul 2020 ... The live webcast of Facebook's earnings conference call can be accessed at investor.fb.com, along with the earnings press release, financial ...

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