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Facebook Reports First Quarter 2019 Results
MENLO PARK, Calif. – April 24, 2019 – Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended
March 31, 2019.
"We had a good quarter and our business and community continued to grow," said Mark Zuckerberg, Facebook founder and
CEO. "We are focused on building out our privacy-focused vision for the future of social networking, and working
collaboratively to address important issues around the internet

First Quarter 2019 Operational and Other Financial Highlights • Daily active users (DAUs) – DAUs were 1.56 billion on average for March 2019, an increase of 8% year-overyear. • Monthly active users (MAUs) – MAUs were 2.38 billion as of March 31, 2019, an increase of 8% year-over-year. • Mobile advertising revenue – Mobile advertising revenue represented approximately 93% of advertising revenue for the first quarter of 2019, up from approximately 91% of advertising revenue in the first quarter of 2018. • Capital expenditures – Capital expenditures, including principal payments on finance leases, were $3.96 billion for the first quarter of 2019. • Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $45.24 billion at the end of the first quarter of 2019. • Headcount – Headcount was 37,773 as of March 31, 2019, an increase of 36% year-over-year. In addition, we estimate that more than 2.1 billion people now use Facebook, Instagram, WhatsApp, or Messenger (our "Family" of services) every day on average, and around 2.7 billion people use at least one of our Family of services each month. In the first quarter of 2019, we reasonably estimated a probable loss and recorded an accrual of $3.0 billion in connection with the inquiry of the FTC into our platform and user data practices, which accrual is included in accrued expenses and other current liabilities on our condensed consolidated balance sheet. We estimate that the range of loss in this matter is $3.0 billion to $5.0 billion. The matter remains unresolved, and there can be no assurance as to the timing or the terms of any final outcome. 2 Webcast and Conference Call Information Facebook will host a conference call to discuss the results at 2 p.m. PT / 5 p.m. ET today. The live webcast of Facebook's earnings conference call can be accessed at investor.fb.com, along with the earnings press release, financial tables, and slide presentation. Facebook uses the investor.fb.com and newsroom.fb.com websites as well as Mark Zuckerberg's Facebook Page (https://www.facebook.com/zuck) as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Following the call, a replay will be available at the same website. Atelephonic replay will be available for one week following the conference call at +1 (404) 537-3406 or +1 (855) 859-2056, conference ID 9195605. Transcripts of conference calls with publishing equity research analysts held today will also be posted to the investor.fb.com website. About Facebook Founded in 2004, Facebook's mission is to give people the power to build community and bring the world closer together. People use Facebook to stay connected with friends and family, to discover what's going on in the world, and to share and express what matters to them. Contacts Investors: Deborah Crawford investor@fb.com / investor.fb.com Press: Vanessa Chan press@fb.com / newsroom.fb.com