Categories AlphaGraphs, Earnings, Technology

Facebook beats market estimates in Q4: Infographic

Facebook (NASDAQ: FB) reported fourth-quarter 2020 financial results after the regular market hours on Wednesday. The social media giant reported fourth-quarter revenue of $28.07 billion, up 33% year-over-year and above the Wall Street projection. Net income of $3.88 per share was also higher than what analysts had anticipated.

FB shares fell 1.5% immediately following the announcement. The stock has gained 25% in the trailing twelve months.

FACEBOOK Q4 2020 earnings

Looking forward to listening to management / analyst comments on the results? Stay tuned here for Facebook Q4 earnings call transcript

In a statement, Facebook said it expects 2021 capital expenditures to be in the range of $21-23 billion, driven by data centers, servers, network infrastructure, and office facilities.

“We expect 2021 total expenses to be in the range of $68-73 billion, unchanged from our prior outlook. This is driven by investments in technical and product talent as well as continued growth in infrastructure costs,” CFO David Wehner added.  

Prior performance

  • Facebook Q3 2020 earnings
  • Facebook Q2 2020 earnings
  • Facebook Q1 2020 earnings

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