"Investors were hoping for some indication that we would see some relief as the year progressed, and we still could. Previously it also issued non-GAAP numbers, which it had said provided greater transparency and were closely watched by investors and analysts. Analysts on average had expected monthly active users of 1.91 billion, according to financial data and analytics firm FactSet. Mobile ad revenue accounted for about 85 percent of the company's total advertising revenue of $7.86 billion in the first quarter ended March 31, compared with about 82 percent a year earlier. ALSO READ: How to get the most out of social media for your small businessAnalysts on average had expected total ad revenue of $7.68 billion, according to FactSet.

Source: Standard Digital May 04, 2017 17:15 UTC