If Facebook’s revenue in Q2 comes in at the lower end of its forecast, it would be the company’s first revenue drop.
"We've been blocked in Russian and we decided to stop accepting ads from Russian advertisers globally," Zuckerberg said."And we've also seen effects on business globally following the start of the war."
Investors appear to have priced in the disappointment. As of Wednesday's close the stock had lost almost half its value this year, spurred by a big forecast miss in. Other than the profit number in this report, Facebook provided some good news, as both the daily active user figure and average revenue per user exceeded estimates.
As for a return to growth, analysts are projecting the second of the year will see expansion back into the teens.
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