Facebook beats by $0.18, beats on revs (151.80 -0.98)
- Reports Q1 (Mar) GAAP earnings of $1.04 per share, $0.18 better than the Capital IQ Consensus of $0.86; revenues rose 49.2% year/year to $8.03 bln vs the $7.83 bln Capital IQ Consensus.
- Facebook is no longer reporting non-GAAP expenses, income, tax rate, and earnings per share (EPS); Capital IQ Non-GAAP EPS consensus was $1.12, which is not comparable.
- Daily active users (DAUs) were 1.28 billion on average for March 2017, an increase of 18% year-over-year.
- Monthly active users (MAUs) were 1.94 billion as of March 31, 2017, an increase of 17% year-over-year.
- Mobile advertising revenue represented approximately 85% of advertising revenue for the first quarter of 2017, up from approximately 82% of advertising revenue in the first quarter of 2016.
- Capital expenditures for the first quarter of 2017 were $1.27 billion.
- Cash and cash equivalents and marketable securities were $32.31 billion at the end of the first quarter of 2017.