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The following is the 4q20’s revenue was US $28.072 billion, a year-on-year increase of 33%, exceeding expectations From Facebook recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, instant messaging , Picture sharing, Investment & Economy.
On January 28, 2021, social networking giant Facebook（ NASDAQ:FB ）After the closing of the US stock market on Wednesday (early in the morning of Thursday, Beijing time), the company released its financial report for the fourth quarter of fiscal year 2020.
According to the report, Facebook’s revenue in the fourth quarter was $28.072 billion, up 33% compared with $21.082 billion in the same period last year, exceeding expectations; its net profit was $11.219 billion, up 53% compared with $7.349 billion in the same period last year; its diluted earnings per share was $3.88, up 52% compared with $2.56 in the same period last year, exceeding expectations.
Although the results exceeded expectations, Facebook’s after hours share price still fell 4.4% to $260.24 after the financial report was released, because Facebook warned that during the new coronavirus epidemic, the company will benefit from the transformation to online commerce and products in 2020, but this trend may slow down or reverse, and “may become a headwind for our advertising revenue growth”. In addition, Facebook warned that apple（ NASDAQ:AAPL ）Privacy changes in the IOS 14 operating system could affect Facebook’s ability to target ads, which could begin to affect its business at the end of the first quarter.
– Facebook’s fourth quarter revenue was $28.072 billion, up 33% from $21.082 billion in the same period last year, exceeding analysts’ expectations.
– Facebook’s fourth quarter net profit was $11.219 billion, up 53% from $7.349 billion in the same period last year.
– Facebook’s diluted earnings per share for the fourth quarter were $3.88, up 52% from $2.56 in the same period last year, exceeding analysts’ expectations.
Performance of each department:
Facebook’s fourth quarter revenue from advertising was $27.187 billion, up 31% from $20.736 billion in the same period last year.
Facebook’s revenue from other businesses in the fourth quarter was $885 million, up 156% from $346 million in the same period last year.
Analysts on average expect Facebook’s adjusted earnings per share to reach $3.22 in the fourth quarter, according to a survey by FactSet, a financial information provider.
According to FactSet, analysts on average expect Facebook’s fourth quarter revenue to reach $26.43 billion.
For the first quarter of fiscal year 2021, Wall Street analysts on average expect Facebook’s revenue to reach $22.39 billion and earnings per share to reach $2.1; for the entire fiscal year 2021, analysts on average expect Facebook’s revenue to reach $104.83 billion and earnings per share to reach $10.55.
Key points of operation:
– in December 2020, Facebook had an average of 1.84 billion daily active users, up 11% from a year earlier.
– as of December 31, 2020, Facebook has 2.8 billion monthly active users, up 12% from the same period last year.
– in December 2020, the average number of daily active users of Facebook’s “family” service was 2.6 billion, up 15% from the same period last year.
– as of December 31, 2020, the number of monthly active users of Facebook service “family” was 3.3 billion, an increase of 14% over the same period last year.
– Facebook’s capital expenditure was $4.82 billion in the fourth quarter and $15.72 billion in the whole year.
– by the end of the fourth quarter of 2020, Facebook’s total cash, cash equivalents and securities holdings were $61.95 billion.
– as of December 31, 2020, Facebook has 58604 employees, up 30% from the same period last year.
Other financial information:
Facebook’s fourth quarter operating profit was $12.775 billion, up 44% from $8.858 billion in the same period last year, and its operating profit margin was 46%, compared with 42% in the same period last year.
Facebook’s total costs and expenses in the fourth quarter were $15.297 billion, up 25% from $12.224 billion in the same period last year. Among them: revenue cost was US $5.210 billion, compared with us $3.492 billion in the same period last year; R & D expenditure was US $5.208 billion, compared with us $3.877 billion in the same period last year; marketing and sales expenditure was US $3.280 billion, compared with us $3.026 billion in the same period last year; general and administrative expenditure was US $1.599 billion, compared with us $1.829 billion in the same period last year.
Facebook’s effective tax rate was 14% in the fourth quarter, compared with 20% in the same period last year.
Via Tencent technology read more: Facebook:3Q20 Financial report teleconference record Zuckerberg said the epidemic situation has increased users’ demand for the platform community. Facebook: 3q20’s revenue was 21.470 billion US dollars, up 22% year on year. Snap: 3q20’s revenue was 678.9 million US dollars, up 52% year on year. Snap: 1q20’s revenue was 462.5 million US dollars, up 44% year on year. Facebook: 2q20’s net profit was 5.178 billion US dollars 98% year on year increase everyme gets $2.15 million a round financing from Tencent Facebook: 2q20 financial report teleconference record Zuckerberg says India is a huge opportunity Zuckerberg: WhatsApp users are expected to reach 3 billion in the future Snap:2Q20 The number of active users on the record day of financial report teleconference increased by 17% year on year to 238 million Tencent: illustrated Tencent 1q20 financial report During the epidemic period, social networking, games and enterprise services were all opened up. Facebook: 2q17’s products had more than 2.7 billion monthly live users. Snap: 2q20’s daily live users increased by 17% to 238 million year on year. YouGov: 63% of Americans used instant messaging application group chat function. Snap: 2q20’s revenue increased by 17% to 454 million US dollars year on year
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