Live In Play

Live In Play®

Updated: 30-Jul-20 16:10 ET

FB: Facebook beats by $0.42, beats on revs, expects DAUs and MAUs to be flat or slightly down in most regions in Q3 (234.50 +1.21)

Reports Q2 (Jun) earnings of $1.80 per share, $0.42 better than the S&P Capital IQ Consensus of $1.38; revenues rose 10.7% year/year to $18.69 bln vs the $17.36 bln S&P Capital IQ Consensus.
DAUs were 1.79 billion on average for June 2020, an increase of 12% year-over-year.
MAUs were 2.70 billion as of June 30, 2020, an increase of 12% year-over-year.
Engagement: DAUs and MAUs in the second quarter of 2020 reflect increased engagement as people around the world sheltered in place and used our products to connect with the people and organizations they care about. More recently, we are seeing signs of normalization in user growth and engagement as shelter-in-place measures have eased around the world, particularly in developed markets where Facebook's penetration is higher. Looking forward, as shelter-in-place restrictions continue to ease, we expect the number of Facebook DAUs and MAUs to be flat or slightly down in most regions in the third quarter of 2020 compared to the second quarter of 2020.
Expenses: FB expect total expenses in 2020 to be in the range of $52-55 billion, narrowed slightly from the prior range of $52-56 billion.
Capital expenditures: FB expects full-year 2020 capital expenditures to be approximately $16 billion, at the high end of our prior $14-16 billion range, as FB has resumed data center construction efforts earlier than expected.