Facebook reported a 51% rise in expenses last year, compared to 2018. Here’s what Mark Zuckerberg had to say on the earnings call.
2.5 billion vs. 2.5 billion forecast by FactSet.Facebook's full-year 2019 costs and expenses came in at $46.71 billion, up 51% compared to its total in 2018. That coincides with a drop in the company's operating margin, which fell from 45% in 2018 to 34% in 2019.
Facebook said it counts more than 2.89 billion monthly users across its family of apps, compared to 2.8 billion in the previous quarter. This metric is used to measure Facebook's total user base across its main app, Instagram, Messenger and WhatsApp. During a call with analysts, Zuckerberg said Facebook is preparing for an "intense year" that will include the 2020 U.S. election. Zuckerberg said it is his goal to better communicate the company's policies on numerous issues.
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