Facebook beats estimates for quarterly revenue, user growth

Revenue growth was its slowest ever as a public company, reported at 11%, although it beat analysts' expectations that it would sink to 3%, according to IBES data from Refinitiv.Facebook projected that ad revenue for the third quarter is likewise expected to grow faster than Wall Street estimates, despite an ad boycott in July.Ad sales, which comprise nearly all of Facebook's revenue, rose 10% to $18.3 billion in the second quarter.