4 ms·

https://www.cnbc.com/2022/07/27/facebook-parent-meta-earnings-q2-2022.html https://www.cnbc.com/2022/07/27/facebook-parent-meta-earning... - Earnings: $2.46 pe

https://www.cnbc.com/2022/07/27/facebook-parent-meta-earnings-q2-2022.html https://www.cnbc.com/2022/07/27/facebook-parent-meta-earning... - Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv - Revenue: $28.82 billion vs. $28.94 billion expected, according to Refinitiv - Daily Active Users (DAUs): 1.97 billion vs 1.96 billion expected, according to StreetAccount - Monthly Active Users (MAUs): 2.93 vs 2.94 billion expected, according to StreetAccount - Average Revenue per User (ARPU): $9.82 vs. $9.83 expected, according to StreetAccount

jstummbillig 4y ago
Okay at the danger of outing myself as financially incompetent at big company level, the difference seems neglible?
- pclmulqdq 4y ago
  The part that's missing here is the expenses, which have risen substantially.
- themanmaran 4y ago
  The market largely agrees with you. With the stock remaining flat over the last month (including today).
  - pclmulqdq 4y ago
    Apparently the market was basically expecting this, and Facebook now is priced like IBM in the early 2000's.
- alliao 4y ago
  the game is you're supposed to beat analysts figures at the very least. easier when you have headroom or extra trick up your sleeves. I vaguely remember there was a time when facebook was so hot they were able to cook up a nice round figure for revenue or something prior or for IPO. pure flexing.
  - pid-1 4y ago
    Why? Facebook isn't a Hedge Fund. They want to beat their competitors, not market research predictions.
    - mhh__ 4y ago
      Hedge funds also aim to beat their competitors
    - uoaei 4y ago
      > They want to beat their competitors Not quite. They want to satisfy shareholders. Beating competitors is second-order because the shareholders will be happy (read: get more money) when that happens.
      - threeseed 4y ago
        Zuckerberg doesn’t need to care about shareholders when he can’t be removed.
- maronato 4y ago
  There's a difference between the market expecting a great quarter and FB missing by a little, and the market expecting a bad quarter and FB doing even worse.
- spaceman_2020 4y ago
  The market tracks the future, not the present. Underperforming, even marginally, against expectations implies that the trend for the next quarter is going to be down as well.

jstummbillig 4y ago

Okay at the danger of outing myself as financially incompetent at big company level, the difference seems neglible?

pclmulqdq 4y ago
The part that's missing here is the expenses, which have risen substantially.
themanmaran 4y ago
The market largely agrees with you. With the stock remaining flat over the last month (including today).
- pclmulqdq 4y ago
  Apparently the market was basically expecting this, and Facebook now is priced like IBM in the early 2000's.
alliao 4y ago
the game is you're supposed to beat analysts figures at the very least. easier when you have headroom or extra trick up your sleeves. I vaguely remember there was a time when facebook was so hot they were able to cook up a nice round figure for revenue or something prior or for IPO. pure flexing.
- pid-1 4y ago
  Why? Facebook isn't a Hedge Fund. They want to beat their competitors, not market research predictions.
  - mhh__ 4y ago
    Hedge funds also aim to beat their competitors
  - uoaei 4y ago
    > They want to beat their competitors Not quite. They want to satisfy shareholders. Beating competitors is second-order because the shareholders will be happy (read: get more money) when that happens.
    - threeseed 4y ago
      Zuckerberg doesn’t need to care about shareholders when he can’t be removed.
maronato 4y ago
There's a difference between the market expecting a great quarter and FB missing by a little, and the market expecting a bad quarter and FB doing even worse.
spaceman_2020 4y ago
The market tracks the future, not the present. Underperforming, even marginally, against expectations implies that the trend for the next quarter is going to be down as well.