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Facebook (FB)

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  • May 1, 2013, 4:27 PM
    More on Facebook: Monthly active users (MAUs) +5% Q/Q and +23% Y/Y in Q1 to 1.11B. Daily users +8% Q/Q and +26% Y/Y (grew faster than MAUs, higher engagement) to 665M. Mobile MAUs +10% Q/Q and +54% Y/Y to 751M. Ad sales of $1.25B, -6% Q/Q (seasonality) and +43% Y/Y and 85% of revenue (84% in Q4). Mobile 30% of ad sales, up from 23% in Q4 - sales +23% Q/Q to $375M. Payments revenue (games) -17% Q/Q to $213M. Costs/expenses +56% Y/Y (+67% in Q4), well above rev. growth - R&D spend +91%, sales/marketing +42%, G&A +69%. Capex -28% Y/Y to $327M. Cash balance -$100M Q/Q to $9.5B. FB +0.8% AH. (PR)
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  • May 1, 2013, 4:08 PM
    Facebook (FB): Q1 EPS of $0.12 misses by $0.01. Revenue of $1.46B (+38% Y/Y) beats by $20M. Shares +2.8% AH. CC at 5PM ET (webcast). (PR)
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  • May 1, 2013, 11:47 AM
    Some of the subjects likely to get scrutinized when Facebook (FB -1.5%) delivers its Q1 report after the close: 1) Mobile ad growth: Though Sponsored Stories and app install ads have fared well, Q4 mobile sales impressed the Street less than Q3's, and the sell-side is split on Q1 (I, II). 2) PC activity: It's expected to keep declining, but the pace remains a concern in light of signs user fatigue with certain demographics is a factor (in addition to mobile). 3) International monetization: Did Facebook have some success in narrowing the huge gaps between North American and foreign ARPUs? Just bringing Europe near NA levels would do wonders for ad sales.
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  • May 1, 2013, 12:10 AM
    Notable earnings after Wednesday’ s close: ALL, ARI, ARR, ATML, ATO, ATW, AXLL, AXTI, BKD, BMR, CACI, CAR, CBS, CJES, CNQR, CSOD, CVD, CVI, CVRR, CWT, CXO, DVR, DX, DXCM, DXPE, EDMC, ESS, EXPD, EXXI, FB, FNF, FRT, G, GLUU, GNK, GTAT, HNSN, HR, IPI, IPXL, IVR, JDSU, KIM, LNC, LOCK, LVS, MAC, MAR, MET, MUR, NAVB, NGD, NLY, NTRI, PHH, POL, PRU, PSE, PXD, QUIK, ROVI, SAM, SFLY, SGMO, SLTM, SNCR, STX, TEG, TGI, TPC, TSO, TTEK, UAN, UNM, V, VVC, WES, WLT, YELP
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  • Apr. 30, 2013, 5:35 PM
    Notable earnings after Wednesday’ s close: ALL, ARI, ARR, ATML, ATO, ATW, AXLL, AXTI, BKD, BMR, CACI, CAR, CBS, CJES, CNQR, CSOD, CVD, CVI, CVRR, CWT, CXO, DVR, DX, DXCM, DXPE, EDMC, ESS, EXPD, EXXI, FB, FNF, FRT, G, GLUU, GNK, GTAT, HNSN, HR, IPI, IPXL, IVR, JDSU, KIM, LNC, LOCK, LVS, MAC, MAR, MET, MUR, NAVB, NGD, NLY, NTRI, PHH, POL, PRU, PSE, PXD, QUIK, ROVI, SAM, SFLY, SGMO, SLTM, SNCR, STX, TEG, TGI, TPC, TSO, TTEK, UAN, UNM, V, VVC, WES, WLT, YELP
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  • Apr. 26, 2013, 7:35 PM
    Facebook (FB) Chief Executive Mark Zuckerberg has cut his annual pay to $1, according to an SEC filing. Zuckerberg’s compensation, excluding stock grants, was $2M in 2012. His base pay was $503K. At the time of the IPO last year, Zuckerberg exercised options on 60M shares, then sold about 30M shares to cover taxes on the gains.
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  • Apr. 26, 2013, 5:22 PM
    VC Jim Breyer will be resigning from Facebook's (FB) board following its June 11 shareholder meeting. Breyer's firm, Accel Partners, was an early investor in Facebook. Breyer sold $81M worth of Facebook shares last October, a couple months after Accel distributed much of its stake in the company to investors. (8-K)
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  • Apr. 26, 2013, 9:48 AM
    An upgrade to Strong Buy from Raymond James' Aaron Kessler leads Facebook (FB +3.4%)  to rally in early trading. Kessler, who upgraded Facebook to Buy on Jan. 28, is bullish about new ad formats, rising ad inventory, and mobile ad growth, and sees a valuation of11x 2014E EV/EBITDA as attractive in light of a forecast for a 25% 5-year EBITDA CAGR. Q1 results arrive on Wednesday. (Goldman)
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  • Apr. 23, 2013, 12:21 PM
    Still hungry to become a go-to source for local business info, Facebook (FB) has overhauled its mobile pages for businesses to provide quicker/easier access to basic info, and give page owners more options to update their pages. Compared with PC pages, there's much less of an emphasis on driving comments. The changes come as Facebook tries to grow a burgeoning local ad business, and shortly after it rolled out Graph Search, which enables more advanced local searches. Yelp (YELP) likely isn't thrilled, but it still has a major edge in reviews. (Nearby feature)
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  • Apr. 22, 2013, 10:09 AM
    Goldman sees Facebook (FB +1%) delivering Q1 mobile ad sales of $382M, well above a consensus the firm pegs at $320M-$330M. The forecast is giving a modest lift to shares, which have been pressured by ad concerns raised by others (I, II). Facebook, which posted mobile revenue of ~$365M in seasonally strong Q4 and has been aggressively rolling out new ad formats (as well as tweaking existing ones), posts its Q1 report on May 1. Also: The Des Moines Register reports Facebook plans to build a $1.5B Iowa data center; server flash supplier Fusion-io (FIO +1.1%) must be pleased. (eMarketer)
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  • Apr. 22, 2013, 7:54 AM
    Good and bad news for Facebook Home. The good: Home has seen over 500K installs in the Google Play store, since launching on April 12. The bad: feedback from widget-deprived users continues to be ugly (previous), with Home's average rating having slipped to a mere 2.2/5 stars. Facebook (FB) had 192.8M Android monthly users as of Nov. '12, and almost certainly has over 200M now.
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  • Apr. 17, 2013, 1:50 PM
    Facebook (FB -1.4%) roundup: 1) Facebook is testing its first graph search ads. However, for the time being, the ads are targeted based on user info (age, gender, location, etc.) rather than the content of a query. Merrill has argued graph search could yield $500M/year in revenue, but its dependence on the "likes" of friends has yielded some criticism. 2) Facebook has hired former Apple exec Richard Williamson to be its Director of Engineering. Williamson was in charge of the infamous Apple Maps before getting fired for it. Before that, he was Apple's director of iOS software.
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  • Apr. 16, 2013, 5:05 PM
    Video ads are coming to Facebook (FB), and if AdAge is right, they won't be cheap for advertisers. Ad execs briefed on Facebook's plans claim Facebook wants to sell 4 daily video ad "slots" based on age and gender, that the ads will be capped at 15 seconds, and that no user will see more than 3 ads/day. The kicker: Facebook is setting an asking price of upwards of $1M for each slot. One exec is intrigued by their massive potential reach. "Aside from a YouTube front page or a Yahoo front page -- which certainly isn't what it used to be -- this could be the answer." (previous)
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  • Apr. 16, 2013, 1:08 PM
    Facebook (FB +1.7%) roundup: 1) Home will become available outside the U.S. today. Also, Facebook promises Home's first major update will arrive in the 2nd week of May. 2) Facebook's iOS apps have been updated to support Chat Heads, and has also received a few other changes. 3) Ahead of Facebook's May 1 Q1 report, Pac Crest's Evan Wilson frets Facebook is more focused on new products (Home, graph search, the revamped news feed) than monetization for now. It's worth noting many see major ad opportunities for all 3 products. (yesterday: I, II)
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  • Apr. 16, 2013, 11:17 AM
    1B people will be using Android (GOOG) phones within 6-9 months, and 2B within a year or two as sub-$100 devices arrive, promises Eric Schmidt; there are currently 750M Android phones in use, and 1.5M device activations/day (up from 1.3M/day in September). Schmidt also promises upcoming Motorola phones (previous) will be "very, very impressive," but provides no details. Officially at least, Schmidt considers Facebook Home (FB) "fantastic," due to how it demonstrates Android's openness, and says Google won't try to ban it.
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  • Apr. 15, 2013, 7:01 PM
    Facebook (FB) is talking with Apple (AAPL) and Microsoft (MSFT) about bringing Home to iOS and Windows Phone, says Facebook exec Adam Mosseri, while adding nothing has been finalized. Unlike Google with Android, Apple and Microsoft have been reluctant to let third parties heavily modify the UIs for their mobile OS'. Mosseri seems well-aware of this, suggesting Home as it exists on Android might not arrive on iOS. "We could also just bring some of the design values to the iOS app ... Or we could build just the lock screen." (earlier)
    | 5 Comments
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Company Description
Facebook Inc is a social networking website which builds products that creates utility for users, developers and advertisers.