3 ms·
TL;DL: 1) Revenues are inversely proportional to number of active users, hinting at cultural differences (e.g. US users may be more exposed to ads than EU user
by rippeltippel 8y ago
TL;DL:
1) Revenues are inversely proportional to number of active users, hinting at cultural differences (e.g. US users may be more exposed to ads than EU users)
2) Overall income has fallen, but so have taxes and operating margin, leading to higher net income and earnings per share.