Facebook EPS Short - Revenue Tops

April 30, 2020

Facebook reported financial results for the quarter ended March 31, 2020. Facebook noted earnings (EPS) of $1.71 with revenue of $17.74 billion.

Wall Street expected $1.75 in earnings per share and $17.41 billion in revenue for the first quarter.

"Our work has always been about helping you stay connected with the people you care about," said Mark Zuckerberg, Facebook founder and CEO. "With people relying on our services more than ever, we're focused on keeping people safe, informed and connected."

Response to COVID-19 Pandemic

In response to the COVID-19 pandemic, Facebook is supporting the global public health community's work to ensure everyone has access to accurate information. We are also working to address the long-term impacts of the crisis by supporting industries in need and making it easier for people to find and offer help in their communities. We have committed over $300 million to date in investments to help our broader community during the crisis, including creating a $100 million grant program to help small businesses and investing $100 million to support the news industry.

We launched a COVID-19 information center on Facebook to provide real-time information, health and well-being tips, and the ability to offer and ask for help. We are also matching $20 million in donations to support COVID-19 relief efforts, providing health organizations with free ads and tools to track the pandemic, offering Workplace to government and emergency organizations for free, and donating $25 million to support healthcare workers on the front lines.

To help people stay connected as a record number of people use our services, we are making our apps more efficient and adding capacity, while also prioritizing enhancements in key services, such as real-time video experiences and live game-streaming.

First Quarter 2020 Financial Highlights

In millions, except percentages and per share amounts

First Quarter 2020 Operational and Other Financial Highlights

  • Facebook daily active users (DAUs) DAUs were 1.73 billion on average for March 2020, an increase of 11% year-over-year.
  • Facebook monthly active users (MAUs) MAUs were 2.60 billion as of March 31, 2020, an increase of 10% year-over-year.
  • Family daily active people (DAP) DAP was 2.36 billion on average for March 2020, an increase of 12% year-over-year.
  • Family monthly active people (MAP) MAP was 2.99 billion as of March 31, 2020, an increase of 11% year-over-year.
  • Capital expenditures Capital expenditures, including principal payments on finance leases, were $3.66 billion for the first quarter of 2020.
  • Cash and cash equivalents and marketable securities Cash and cash equivalents and marketable securities were $60.29 billion as of March 31, 2020. Following the end of the quarter, we entered into an agreement to invest in Jio Platforms Limited, a subsidiary of Reliance Industries Limited, for approximately $5.7 billion, and we paid the $5.0 billion settlement amount due under our modified consent order with the FTC, which took effect in April 2020.
  • Headcount Headcount was 48,268 as of March 31, 2020, an increase of 28% year-over-year.

Terms of Use | Copyright 2002 - 2020 CONSTITUENTWORKS SM  CORPORATION. All rights reserved. | Privacy Statement