Facebook beats in Q1 with $8.03B revenue, faster growth to 1.94B users

Facebook had another strong quarter. The social media giant scored $8.03 billion in revenue, and reported hitting 1.94 billion monthly users as of the end of the March quarter. Despite the solid results, shares of Facebook were down roughly 2% in after hours trading.
Facebook said it is no longer reporting adjusted expenses, income, tax rate, and earnings per share that are not in line with generally accepted accounting principles, causing some confusion among investors.