Facebook Earning Season
Yesterday as investors got ready to punish one of the strongest companies in the market – Mr. Mark Zuckerberg had no Idea that the company he built in 2004 will suffer the biggest value drop in Facebook history!!!
After Facebook released the quarterly report, investors started selling the stock – and massively – the stock dropped in the aftermarket by up to 24%!!! the biggest and sharpest drop in documented history, and at an overall worth of 150B$ – Just another day in the office…
- Earnings per share: $1.74 vs. $1.72 per a Thomson Reuters consensus estimate
- Revenue: $13.23 billion vs. $13.36 billion per a Thomson Reuters consensus estimate
- Global daily active users (DAUs): 1.47 billion vs. 1.49 billion, according to a Street Account and Fact Set estimate
- North American DAUs: 185 million vs. 185.4 million, according to a Fact Set estimate
- European DAUs: 279 million vs. 279.4 million, according to a Fact Set estimate
- Average revenue per user (ARPU): $5.97 vs. $5.95, according to a Street Account and Fact Set estimate
One analyst concluded in a quick calculation that Wehner’s statement would indicate that Facebook revenue growth slowing to about 20% in the fourth quarter, from 42% in the quarter reported Wednesday. For comparison, Facebook revenue grew 47.1% overall in 2017, and 52.7% in 2016.
When the revenue cliff was finally outlined Wednesday, it was paired with a stall in user growth that could be even more of a sign of a backlash against Facebook. Early in the company’s call, Zuckerberg said Facebook had lost a million monthly active users in Europe because of new, more detailed privacy disclosures called GDPR. – Source –
Yesterday, Amazon raised up by 41$ and as of now standing on 1863.61$ value per share.
It will be interesting to see what will happen today as the Earning reports of Amazon will be released.
Stay tuned – And don’t forget to share your opinion below…