Facebook Third Quarter Earnings 2021
Facebook has just announced its earnings report for the third quarter of 2021 and it's a big revenue miss. Even though the company did well in most of the important metrics of the quarterly report, things quite didn’t go well when it comes to the revenue part. To be honest I’m kind of personally happy about that for reasons I would not like to reveal.
And behind the revenue miss debacle that Facebook has faced now is the big hand of Apple and its newly implemented privacy feature that stops unauthorized access of data by apps on the iOS platform.
Like Snapchat, Facebook and its family of apps also have had devastating effects as a result of this Apple's privacy feature introduced earlier this year.
But in the case of Facebook, nobody including its investors is surprised about it since everyone is aware of the working of Facebook’s core business.
Now for the topic of this blog post. The numbers of the earnings report are below as follows.
- Daily active users: Facebook has matched the market's expectation of its daily active users for the third quarter of 2021 with 1.93 billion across at least one of its family of apps.
- Monthly active users: But when it comes to monthly active users Facebook has managed to get only 2.91 billion against the investor's expectation of 2.93 billion.
- Earnings per share: In terms of earnings per share Facebook has comfortably beaten this metric by $3.22 in comparison with the expected $3.19 per share.
- Revenue: The most important of all metrics. And this is where things have gone off track. Facebook only generated quarterly revenue of $29.01 billion versus the predicted $29.57 billion U.S. dollars.
As an effect of this news, the Facebook stock performance in the past couple of days looks something like this.
Even though Facebook has missed one of the most important metrics when it comes to an earnings report. Its investors are confident with the companies future based on its almost under the hood project called “Facebook Metaverse”.
This drop or dip in Facebook’s share price is just a short-term issue in my opinion.
And, I have to say that Facebook isn’t going anywhere in the wrong direction as long as Mark Zuckerberg is at the helm. That guy is inhumanly genius.
Thank you for reading this, and God Bless Everyone.
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Intro About Myself
Name: Tabbrez
Bio: Genius, Polymath, Entrepreneur, Philosopher.
Website: tabbrez.com
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