The social media giant shows strong year-over-year (YoY) growth but is it enough for investors? In today’s video, I look at fundamentals and recent earnings for Facebook (NASDAQ:FB), and below I share a few highlights from the video.
- On July 28, after the market closed, Facebook reported its Q2 2021 earnings. Facebook revenue grew 56% YoY, driven by solid growth in its advertisement segment. Facebook did note that it expects a significant deceleration in growth for Q3 and Q4 on a sequential basis.
- Facebook reported nearly 2.9 billion monthly active users, representing both quarterly and yearly growth. Most of the increase comes from international countries, excluding the U.S., Canada, and European countries.
- During the earnings call, CEO Mark Zuckerberg provided insight into Facebook’s future growth. Facebook is currently focusing its resources on strengthening its content creator platform, e-commerce, digital payments, and augmented and virtual reality hardware. All these markets are strong as individual segments, but Facebook has a long-term plan of uniting them all in its quest to create a metaverse.
Click the video below for my full thoughts and analysis.
*Stock prices used were the premarket prices of July 29, 2021. The video was published on July 29, 2021.
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