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#CNBCTV: Facebook down after earnings

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Facebook down after earnings

[ VIDEO POST ] Date: 2020-01-29 22:50:49 | Duration: 8:20 | Views: 25202 | Likes: 158 | Dislikes: 12

CNBC’s Julia Boorstin looks at Facebook earnings and after-hours trading. With CNBC’s Scott Wapner and the Fast Money traders, Tim Seymour, Brian Kelly, Dan Nathan and Guy Adami.

Facebook beat on top and bottom lines, but the stock fell more than 7% on Wednesday after the company reported rising costs and expenses and a narrowing operating margin.

Here are the key numbers:

Earnings (EPS): $2.56 vs. $2.53 per share forecast by Refinitiv.
Revenue: $21.08 billion vs. $20.89 billion forecast by Refinitiv.
Daily active users (DAUs): 1.66 billion vs. 1.65 billion forecast by FactSet.
Monthly active users (DAUs): 2.5 billion vs. 2.5 billion forecast by FactSet.
Average revenue per user (ARPU): $8.52 vs. $8.38 forecast by FactSet.
Facebook’s full-year 2019 costs and expenses came in at $46.71 billion, up 51% compared to its total in 2018. That coincides with a drop in the company’s operating margin, which fell from 45% in 2018 to 34% in 2019.

Facebook reported revenue growth of nearly 24.7% compared to a year prior, making it the fourth straight quarter that the company delivered sub-30% growth. Facebook COO Sheryl Sandberg announced that the company now has more than 8 million advertisers, up from 7 million in October 2019.

The company on Wednesday also announced a $10 billion share repurchase program.

“We had a good quarter and a strong end to the year as our community and business continue to grow,” Facebook CEO Mark Zuckerberg said in a statement. “We remain focused on building services that help people stay connected to those they care about.”

Facebook said it counts more than 2.89 billion monthly users across its family of apps, compared to 2.8 billion in the previous quarter. This metric is used to measure Facebook’s total user base across its main app, Instagram, Messenger and WhatsApp.

In the U.S. and Canada, Facebook’s user base rose to 190 million from 189 million a quarter earlier. Its user base in Europe increased to 294 million from 288 million daily active users in the prior quarter.

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21 thoughts on “#CNBCTV: Facebook down after earnings

  1. Aw man now i cant stalk my ex 🤣🤣🤣🤣🤣jk

  2. Avatar Rishab Dhar says:

    "Where else can you get this kind of growth?" Pretty simple Bitcoin, which gas grown 100s of times faster than Facebook, and halving is just 3 months away.

  3. Avatar szs voc says:

    no1 would pay a dime to use fb. shows how little these turds value their time

  4. Avatar Joe Smith says:

    Zucklebreg has been selling metadata to mossad. Ohh no, they're an advertising.. Careful don't download Facebook in to your phone or mossad will look through your browsing history.

  5. Avatar Larrymarx says:

    Facebook is old school, folks are leaving in droves… Twitter is "HOT" right now!

  6. Avatar thomas riner says:

    PROTEST AND BOYCOTT RACEIST BIGOT BUM facebook team AND marc zuckburg for DISCIMINATING AGAINT WHTE MEN,HETERESXUALS AND CHRISTIANS!

  7. A more ethical replacement of Facebook is needed, anyway regulation will catch up to Facebook eventually

  8. Avatar Komo Global says:

    Beep Beep Beep….backing up the truck….Beep Beep Beep

  9. Time to buy! Thank you for the trade idea CNBC! p.s. I did not watch the fear mongering video.

  10. Avatar Kology says:

    Data is the new oil, Facebook as all the oil

  11. Avatar Mark Gormley says:

    facebook is for fat chicks

  12. Facebook is a buy, the stock will go to $264. These pullbacks and dips are just buying opportunities. Look at Disney ABBV Comcast just buy the stock.

  13. Avatar Retrovirus says:

    Up 12% in 2 years lol. Pathetic.

  14. Screw facebook and Mark Zuckerberg. I refuse to use or give that prick anything like support.

  15. Avatar Bryan Hanson says:

    invest in the children they our future . i rather watch a kid getting angry at a online game than a 50 year old rapper singing about growing up in the ghetto that old feel sorry for me story . time has changed . spar the time hear them out . be moved or inspired . all this is a game i will not play . lets just call a time out and add up other than moving on like some hyped up ETF in real time dead zone . just sit back relax breathe collect your thoughts . i drink hot tea works for me . other words i do not wanna get wiped out like some mr miyagi philosophy . for the sanity of the legacy of the children as if now we must slow things up .

  16. Avatar MeekOps says:

    Facebook still has excellent financials as a company. Long term it will be fine

  17. Invest in good, ethical companies like Tesla. Not Facebook

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  19. Its not growing because everyone in the USA and Canada is already using it. Next question

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