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Did Facebook’s Revenue Continue to Grow in Q4?

Key Questions as Facebook Gets Ready to Report Q4 Results## Growth slowdown expectedFacebook (FB) is scheduled to release its financial results for the fourth quarter of 2018 on January 30. Analysts on average are expecting the company to report $16.4 billion in revenue for the quarter, suggesting growth of 26% YoY. But that would mark a sharp slowdown from growth of 47% YoY in the fourth quarter of 2017.## Mixed 2018 resultsFor the third quarter of 2018, the most recent reported period, Facebook posted $13.7 billion in revenue, an increase of 33% YoY but about $40 million below consensus revenue expectations for the quarter. Snap (SNAP), Twitter (TWTR), Alphabet (GOOGL), and Yelp (YELP) grew their revenues by 43%, 29%, 21%, and 8.0% YoY, respectively, in the third quarter.For the second quarter of 2018, Facebook reported revenue of $13.2 billion, representing an increase of 42% YoY. First-quarter revenue beat consensus estimates by about $560 million.## Fourth-quarter track recordWhile Facebook’s quarterly growth rate has been slowing (as illustrated above) and the company has reported mixed results so far for 2018, it has routinely topped fourth-quarter expectations.

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