Facebook beats in Q2 with $9.32B revenue despite slower user growth

Facebook’s hot streak continued with a strong Q2 2017 earnings report. It earned $9.32 billion and $1.32 in GAAP actual EPS, compared to estimates of $9.2 billion revenue and $1.13 EPS.┬áRevenue growth was 44.7% year-over-year, compared to 59% in Q2 2016, indicating that revenue growth is slowing, in line with Facebook’s warning to investors that it was running out of space to show ads in the News Feed.