Categories Earnings, LATEST, Technology

LIVE BLOG: Facebook Q2 2018 earnings call

  • When the market opens on Thursday, Facebook is expected to register its steepest one-day decline since it became a public company. On March 19th this year, the company logged in a one-day decline of 7.2% after reporting about the Cambridge Analytica scandal.
  • Stock crashes more than 20% at 6 PM ET
  • Earnings call ends
  • With regards to 2018 US elections, taking many steps to deal with misinformation and propaganda campaigns
  • GDPR didn’t impact the ad revenue much
  • Has got more than 25 million business profiles and over 2 million advertisers in Instagram
  • Messenger is expected to contribute in revenue in the future, but it’s still early
  • Combination of factors has caused the company to give a weak outlook for Q3 and Q4. Forex, Stories which are not monetized much as of now
  • IGTV aimed at creating a platform for Instagram creators. Watch aims to create social viewing experiences for Facebook users
  • Instagram grows faster than Facebook

Related: Facebook misses on topline in Q2 

  • Q&A starts
  • Stock tumbles more than 15% at 5:30 PM ET
  • Tax rate for the year expected to be in the mid-teens; tax rate in Q3 will be higher due to a one-time event
  • Expenses to increase in the range of 50-60% this year
  • CapEx outlook remains at $15 billion and CapEx is expected to grow beyond 2018
  • Revenue growth is expected to decline sequentially by high-single percentages in Q3 and Q4
  • Stock repurchase amounted to $3.2 billion
  • Average price per ad grew 17% and impressions grew 21%Facebook Daily Active Users & Monthly Active Users Growth Trend
  • CFO Dave Wehner continues
  • Will not decrease investments because of the investments in the security
  • GDPR played a role in the sequential decline of European users
  • Over 2.5 billion people each month use at least one of Facebook’s apps, many people use more than one of the Facebook’s services (Facebook, Instagram, WhatsApp, Messenger)
  • Mark Zuckerberg starts the call

Facebook’s (FB) revenue grew 42% to $13.23 billion but came below average analysts’ expectation of $13.36 billion after being embroiled in a slew of data leaks and fake news scandals. Facebook also managed to boost its average revenue per user, which grew from $23.59 during Q1 to $25.91 in the US & Canada.

Facebook second quarter 2018 earnings

Most Popular

GameStop (GME) Earnings: Q1 loss narrows on 25% sales growth

Video game retailer GameStop Corp. (NYSE: GME), which has become the talk of the town after the unprecedented stock rally in recent weeks, reported a narrower loss for the first

Should you invest in Steel Dynamics (STLD) stock after 78% rally?

The steel industry managed to shrug off the pandemic blues earlier than expected as the recovery in industrial activity pushed up demand. With the vaccination drive and the government’s aggressive

Campbell Soup (CPB) Q3 Earnings: Key financials and quarterly highlights

Campbell Soup Company (NYSE: CPB) reported third-quarter 2021 earnings results today. Net sales decreased 11% year-over-year to $1.98 billion, as a result of lapping the demand surge at the onset

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top