Facebook earnings beat but the company warns of impact from Apple privacy changes

Earnings

Mark Zuckerberg, chief executive officer and founder of Facebook Inc., arrives for a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019.

Andrew Harrer | Bloomberg | Getty Images

Facebook stock was down in after-hours trading on Wednesday after the company reported its fourth-quarter earnings.

Here are the numbers:

  • Earnings: $3.88 per share vs $3.22 per share forecast by Refinitiv
  • Revenue: $28.07 billion vs $26.44 billion forecast by Refinitiv
  • Daily active users (DAUs): 1.84 billion vs 1.83 billion forecast by FactSet
  • Monthly active users (MAUs): 2.8 billion vs 2.76 billion forecast by FactSet

The company announced a repurchase of up to an additional $25 billion of Facebook stock.

Nominations are open for the 2021 CNBC Disruptor 50, a list of private start-ups using breakthrough technology to become the next generation of great public companies. Submit by Friday, Feb. 12, at 3 pm EST.

Products You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *