"... 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 ..."Editor's note: $FB shares are UP in afterhours trading 24 Apr 2019.
Facebook, Inc. (NASDAQ: FB) release of first quarter 2019 financial results after market close on Wednesday, April 24, 2019. Facebook will host a conference call to discuss its results at 2 p.m. PDT / 5 p.m. EDT the same day. The LIVE webcast of the call can be accessed at the Facebook Investor Relations website at investor.fb.com, along with the company's earnings press release, financial tables, and slide presentation.
Following the call, a replay will be available at the same website. A telephonic replay will be available for one week following the conference call at 404.537.3406 or 855.859.2056, Conference ID: 9195605. Transcripts of conference calls with publishing equity research analysts held on April 24, 2019 will also be posted to the investor.fb.com website.
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