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Social networking giant Facebook (NASDAQ:FB) reported its Q2 2018 earnings today and we have to say that the tech giant has seen slightly better days. The company displayed mixed results in its Q2 2018 earnings and this can be contributed to the GDPR, Zuckerberg’s testimony before Congress, as well as more scandals that might have contributed to Facebook’s weak user growth for this quarter.

Facebook (NASDAQ:FB) Reached 2.23 Billion Monthly Active Users but Growth Was Much Slower as Compared to Q1’s Numbers

Facebook (NASDAQ:FB) managed to reached 2.23 billion monthly users but these numbers show that growth topped just 1.54 percent, which is much slower than Q1’s 3.14 percent around where its growth rate has hovered for many years. In terms of revenue, the tech giant earned $13.23 billion but missed Thomson Reuters’ estimates of $13.36 billion. However, it did manage to beat the EPS outlook, obtaining a figure of $1.74 EPS compared to an estimated $1.72 EPS.

Daily active users reached 1.47 billion, and once again, these numbers could haunt Facebook (NASDAQ:FB) as growth reached a low 1.44 percent compared to Q1’s 3.42 percent. Facebook’s daily and monthly user counts were up 11 percent year-over-year, confirming that the momentum of its business is still overpowering its PR problems that took place prior to the company publishing these reports. Additionally, its daily active users-to-monthly active users ratio was held at 66 percent, showing that users were still hooked on using the social network.

Unfortunately, the stock market frowned heavily on the slow growth rates, pushing Facebook’s share price down over 7 percent in after-hours trading to around $200 per share. Despite the fact that the company earned $5.106 billion in profit and revenue was up 42 percent year-over-year, the stock was down.

Here is one interesting figure; Facebook (NASDAQ:FB) is still stuck at 241 million monthly U.S. & Canada users, and it is the same figure from the last quarter. In Europe, things were looking dicey as Facebook (NASDAQ:FB) lost 1 million users, sinking to 376 million monthly active users. There is a strong possibility that the GDPR requirements and the terms of service changes accompanied with it that led to users looking for a different browsing alternative.

For now, Facebook (NASDAQ:FB) might not be bothered, but it is certainly going to be thinking about its options for the foreseeable future. Weak daily and monthly user growth will definitely be a big concern for Facebook (NASDAQ:FB), and we feel that Instagram is going to be feeling the weight of this pressure very soon in an effort to boost the company’s earnings.

What is your opinion over Facebook’s Q2 2018 earnings? Tell us down in the comments.