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1/ Let's talk about Facebook $FB. Another great company that gets so little respect. It just turned in another beautiful quarter and is getting little love on Wall Street. Let's take a look at its earnings...
2/ Most important metric? Active users, both Daily (DAUs) and Monthly (MAUs).
TL;DR: N America and Europe users are holding steady (even after all the controversy), while rest of world continues to grow.
2/3rds of MAUs are DAUs, a figure that has also held steady for 2 yrs.
TL;DR: N America and Europe users are holding steady (even after all the controversy), while rest of world continues to grow.
2/3rds of MAUs are DAUs, a figure that has also held steady for 2 yrs.
3/ The next most important thing is that $FB monetizes users better than anyone else ... and continues to find new ways to do so.
What's more important here? How fast N. American ARPU is growing faster or that the numbers across every geographic sector continues to rise?
What's more important here? How fast N. American ARPU is growing faster or that the numbers across every geographic sector continues to rise?
4/ The Family DAPs/MAPs represent the total numbers stretched across all of FB's properties: Facebook, Instagram, WhatsApp, and Messenger.
3.3B people use one of FB's products every month. 2.6B people use one of its platforms daily. That's staggering.
3.3B people use one of FB's products every month. 2.6B people use one of its platforms daily. That's staggering.
5/ So $FB is a massive platform, used voluntarily by billions.
This quarter it grew total revenue +33% and net income +53%, w/ an operating margin of 46%.
With a market cap of ... let's call it ~$780B.
That's impressive!
This quarter it grew total revenue +33% and net income +53%, w/ an operating margin of 46%.
With a market cap of ... let's call it ~$780B.
That's impressive!
6/ $FB's valuation is what makes it attractive now for investors. Right now it's P/E ratio is ~27 after this quarter.
This makes its just announced $25B stock buyback, w/ +$8B left on previous authorized buybacks, especially potent.
Big tech value FTW! https://twitter.com/MinionCapital/status/1354177851264823296
This makes its just announced $25B stock buyback, w/ +$8B left on previous authorized buybacks, especially potent.
Big tech value FTW! https://twitter.com/MinionCapital/status/1354177851264823296
7/$FB has easy comps in next two quarters
Oculus is growing
E-commerce is coming to its platforms (those platforms that 2.6B people use daily)
WhatsApp optionality
$62B on balance sheet
I don't know, maybe it's just me, but this seems like a company worth considering.
Oculus is growing
E-commerce is coming to its platforms (those platforms that 2.6B people use daily)
WhatsApp optionality
$62B on balance sheet
I don't know, maybe it's just me, but this seems like a company worth considering.
8/ Speaking of Oculus... https://twitter.com/_SeanDavid/status/1354554394373746690
9/ A lot of positive chatter out there about this Oculus. Not just for games either. https://twitter.com/BillBrewsterSCG/status/1354554989730033664
10/ Selling those Oculus headsets like hot cakes https://twitter.com/InvestmentTalkk/status/1354545621869481986
