Stock is up 18% after hours.
Revenues and earnings:
- Daily Active Users 1.96BN, beating Est. of 1.94BN, up 4% Y/Y
- Monthly Active Users 2.94BN, missing Est. 2.95BN, up 3% Y/Y
- EPS $2.72, beating estimate $2.56
- Revenue $27.91 billion, beating estimate $28.24 billion (Bloomberg Consensus)
- Advertising rev. $27.00 billion, missing estimate $27.48 billion
- Family of Apps revenue $27.21 billion, missing estimate $27.52 billion
- Reality Labs revenue $695 million, beating estimate $677.1 million
- Other revenue $215 million, beating estimate $189.3 million
A red flag here: yes, revenue grew 7% YY, but that was the slowest pace of growth since the company went public in 2012. Meanwhile, US revenue barely grew in Q1 at $12.671BN, up from $12.405 BN.
Revenues and earnings:
- Daily Active Users 1.96BN, beating Est. of 1.94BN, up 4% Y/Y
- Monthly Active Users 2.94BN, missing Est. 2.95BN, up 3% Y/Y
- EPS $2.72, beating estimate $2.56
- Revenue $27.91 billion, beating estimate $28.24 billion (Bloomberg Consensus)
- Advertising rev. $27.00 billion, missing estimate $27.48 billion
- Family of Apps revenue $27.21 billion, missing estimate $27.52 billion
- Reality Labs revenue $695 million, beating estimate $677.1 million
- Other revenue $215 million, beating estimate $189.3 million
A red flag here: yes, revenue grew 7% YY, but that was the slowest pace of growth since the company went public in 2012. Meanwhile, US revenue barely grew in Q1 at $12.671BN, up from $12.405 BN.