Facebook (FB) on Wednesday reported first quarter earnings that handily topped expectations, as political and regulatory crises continued to swirl around the leading social network, but were offset by A nearly 50% surge in advertising revenues. Here’s a snapshot of key metrics expected versus analyst expectations, according to a Bloomberg consensus forecast of Wall Street analysts:
- Revenue: $26.17 billion vs $23.72 billion estimated
- Advertising revenue: $25.44 billion vs. $23.27 billion estimated
- Earnings per share (Adjusted): $3.30 vs $2.61 expected
- Daily Active Users (DAU): 1.88 billion vs 1.866.6 billion estimate
- Monthly Active Users (MAU): 2.85 billion vs 2.830 billion estimated
Advertising, the fulcrum of Facebook’s business model, jumped by 46% year over year, the company said, powered by a slow but steady rise in DAUs and MAUs. “We had a strong quarter as we helped people stay connected and businesses grow,” said Mark Zuckerberg, Facebook founder and CEO. “We will continue to invest aggressively to deliver new and meaningful experiences for years to come, including in newer areas like augmented and virtual reality, commerce, and the creator economy.”
Twitter’s revenue up 28% to $1.04B in Q1
- The company reported revenue of $1.04 billion for the quarter, which was up 28% from $808 million a year prior.
- Twitter guided that it is expecting revenue between $980 million and $1.08 billion in the second quarter. Analysts were expecting guidance of $1.06 billion on average, according to Refinitiv.
- Twitter’s total number of monetizable daily users grew by 7 million from the fourth quarter to 199 million but fell shy of analysts’ expectations of 200 million.
Twitter’s stock was down more than 11% in after-hours trading on Thursday after the company released its first-quarter earnings, missing on user growth expectations and providing lower revenue guidance for the second quarter than expected. Here’s what Twitter reported versus Wall Street’s estimates:
- Earnings: 16 cents per share, adjusted, vs. 14 cents forecast by Refinitiv
- Revenue: $1.04 billion vs. $1.03 billion forecast by Refinitiv
- Monetizable daily active users (mDAUs): 199 million vs. 200 million expected forecast by FactSet
The company reported revenue of $1.04 billion for the quarter, which was up 28% from $808 million a year prior. Twitter also reported a profit of $68 million, contrasted with a loss of $8.4 million a year ago. Twitter guided that it is expecting revenue between $980 million and $1.08 billion in the second quarter. Analysts were expecting guidance of $1.06 billion on average, according to Refinitiv. Twitter’s total number of monetizable daily users grew by 7 million from the fourth quarter to 199 million but fell shy of analysts’ expectations of 200 million. The user base was up 20% compared with a year ago. The quarter marked Twitter’s first period mostly without the presence of former President Donald Trump after he was removed from the service following the Jan. 6 insurrection at the U.S. Capitol. Twitter ad revenue grew 32% year over year to $899 million, according to the report, with total ad engagement growing 11% over the same period. The company said it is still too early to understand the impact of Apple’s privacy changes in iOS 14.5. However, Twitter pointed out that its integration of Apple’s SKAdNetwork enabled the company to increase by 30% the total number of iOS devices it can reach with its Mobile Application Promotion (MAP) offering. Nick Note: These are some kick ass earnings.. like something never seen before. That could not happen expect for 2 things…… Vaccinations setting the captives free and happy checks pouring into the economy