Facebook Surpasses 2.6B Users But Misses Q1 Profit Target On Pandemic Ad Slowdown
topped Wall Street estimates for revenue in the first quarter with an 18% gain but missed targets for earnings per share.
Total revenue came in at $17.7 billion, while earnings of $1.71 per share missed analysts’ consensus by three cents. The company said its daily active users rose 11% in March compared with the same month a year ago, reaching 1.73 billion. Monthly active users as of March 31 totaled 2.6 billion, up 10% from the same point in 2019.giant have crawled back to their level of nearly two months ago, closing Wednesday trading at $194.19. They tacked on more gains in after-hours trading as investors greeted the news warmly, especially in light of several other queasy-making earnings reports this spring.
Ad revenue, which accounts for the vast majority of the total, rose 17% for the quarter but experienced a significant drop as March progressed and theshutdowns took effect across the world. “We experienced a significant reduction in the demand for advertising, as well as a related decline in the pricing of our ads, over the last three weeks of the first quarter of 2020,” the company said.
“After the initial steep decrease in advertising revenue in March, we have seen signs of stability reflected in the first three weeks of April, where advertising revenue has been approximately flat compared to the same period a year ago, down from the 17% year-over-year growth in the first quarter of 2020,” the company said.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Alphabet earnings hit by ‘significant slowdown’ in ad sales, but revenue boosts stockGoogle’s profits were damaged even more than expected as the COVID-19 pandemic caused “a significant slowdown in ad revenues,” parent company Alphabet Inc....
続きを読む »
Live: Here come Google and Alphabet's Q1 earnings - Business InsiderAlphabet is set to announce its Q1 2020 earnings, and all eyes are on how much damage the pandemic is doing to its ad business.
続きを読む »
Google Parent Alphabet Posts Mixed Q1 Results After “Significant Slowdown” In AdsAlphabet, parent company of Google, reported mixed quarterly results Tuesday, falling short of Wall Street profit estimates after a sharp downturn in the last month of the January-to-March quarter.…
続きを読む »
Here's what to expect when Facebook reports earnings after the bellFacebook has seen an increase in user engagement as a result of the coronavirus, but it has also warned that the pandemic has adversely affected the company's advertising business.
続きを読む »
Facebook rises after reporting 'stability' in ad revenue after fall in MarchFacebook has seen an increase in user engagement as a result of the coronavirus, but it has also warned that the pandemic has adversely affected the company's advertising business.
続きを読む »
Facebook to host virtual graduation event with Oprah, Lil Nas X - Business InsiderFacebook is hosting a virtual graduation on May 15 for the Class of 2020 featuring Oprah, Lil Nas X, and Simone Biles
続きを読む »