Posted on 02/02/2022 2:50:18 PM PST by NohSpinZone
Facebook shares tumbled more than 20% in extended trading on Wednesday after the company reported disappointing earnings, gave weak guidance and said user growth has stagnated.
Here are the results:
Earnings per share: $3.67 vs $3.84 expected, according to a Refinitiv survey of analysts Revenue: $33.67 billion vs $33.4 billion expected, according to Refinitiv Facebook also missed estimates with user numbers.
Daily Active Users (DAUs): 1.93 billion vs 1.95 billion expected by analysts, according to StreetAccount Monthly Active Users (MAUs): 2.91 billion vs 2.95 billion expected by analysts, according to StreetAccount Average Revenue per User (ARPU): $11.57 vs $11.38 expected by analysts, according to Street Account The company, which was recently renamed to Meta, issued disappointing guidance for the first quarter in addition to coming up short on its fourth-quarter profit and user numbers. Daily Active Users (DAUs) on Facebook were slightly down in the fourth quarter compared to the previous quarter, marking its first quarterly decline in DAUs on record.
Facebook said revenue in the first quarter will be $27 billion to $29 billion, while analysts were expecting sales of $30.15 billion, according to Refinitiv. That would mean 3% to 11% year-over-year growth, while analysts were expecting about 15%, according to Refinitiv.
Facebook said it’s being hit by a combination of factors, including privacy changes to Apple’s iOS and macroeconomic challenges. It blamed the lower-than-expected growth in part on inflation and supply chain issues that are impacting advertisers’ budgets.
(Excerpt) Read more at cnbc.com ...
Womp Womp
Meta plunge!
All I see these days on Facebook is ADS and MORE ADS and MORE and MORE Publicity. They are going to have to pay people to POST.
About 80% not enough...
Down 72 dollars a share in after hours so far. Couldn’t happen to a nicer bunch of totalitarians. Part of the story is that Jeff Bezos stole away an entire tech group from Facebook to work on his new satellite internet gambit. Going up against Musks’ Starlink apparently. Very entertaining really to see billionaires engage in titanic struggle.
same for paypal. took a huge hit today. buncha nazis at both companies
I am smiling at this news.
Did Facebook fact check it?
If Fakebook went out of business tmw, I would shed not a tear.
-22.89% ATM since closing 😳
Since I’m not a fan of Zuckerberg on ANY level, this is good news to me.
Institution dumping? Let’s hope so. Rats are the fist to scurry off a sinking ship. Heads up people!
That’s it I’m going back tousing Myspace via my AOL account. Or if that doesn’t work out I’ll just use compuserve.
Tweater speculation was that Team Pelosi is shorting it bigtime.
Google posted good earnings but buried in that report was that the youtube section missed revenue predictions
h/t SC DOC
You get it for free but the quality sucks. You have no say in how it works. The guy who runs it gets rich. There's no real competition. You have no privacy. And if you say one thing they don't like they'll shut you up. |
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Prodigy. Yeah, that's it!
I’ve long thought that Buttbook is just today’s version of all those bygone platforms. Destined to melt away like snow in April.
From the start I have said Facebook is a fad. And, like all fads, it will pass.
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