Facebook: Revenue grew by 33%, bottom line by over 50% – global markets

Checking the monopoly is not a joke. Nor are the allegations that the flagship platform, namely Facebook

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(NYSE: FB), helped fuel the spirits ahead of the Capitol events, as well as the permanent blockade of US President Donald Trump, leading to much unease on the part of investors, who want to know how the company is preparing to deal with the problems piled on its table. Apple (AAPL), which does not allow the company to access its users’ data (for the full article), but all of these did not affect the financial statements at all during the fourth quarter in which Facebook shattered all expectations and grew at an impressive rate.

On the top line, revenue for the quarter totaled $ 28.1 billion, up 33% from $ 21.1 billion in the same period last year, and above analysts’ expectations of $ 26.4 billion. Advertising revenue jumped 31% to $ 27.2 billion, the average daily active user (DAU) grew by 11% to about 1.84 billion, the monthly average climbed 12% to about 2.8 billion active users.

On the bottom line, net income was about $ 11.2 billion, a jump of about 53% compared to $ 7.35 billion in the same quarter last year. Adjusted earnings were $ 3.88 per share, above about 20% of expectations of $ 3.22 per share. Cash flow from operating activities grew by 55% to about $ 14 billion during the quarter, and total cash and marketable securities amounted to about $ 62 billion.

The company has not released forecasts for the future, but it expects growth in advertising revenue. The company estimates that the trend of switching to online commerce will further increase the top line. The company further estimates that during the first half of 2021 it expects damage to reports from the effects of the plague, but it expects stronger growth starting from the second half of the year.

The company expects total annual expenses to range from $ 68 billion to $ 73 billion, along with capital expenditures of about $ 21 billion to $ 23 billion. Facebook said it expects a tougher confrontation with regulators during 2021, and fears of changes to the new version of Apple iOS 14. These are expected to take effect starting in the first quarter of 2021.