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Facebook records strong engagement though slower growth in Q1

2020-04-30 09:45:00| Telecompaper Headlines

(Telecompaper) Facebook reported more engagement on its social network as people were confined to their homes during the coronavirus pandemic. This resulted in strong growth metrics but the company cautioned that some of this engagement should lessen in the future as in-place restrictions ease. Revenues went up in the quarter but growth was affected by less demand for advertising, plus a related decline in the pricing of ads. The company will therefore give no specific guidance for the second quarter, just a "snapshot" of how it is faring so far.

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Category:Telecommunications

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