Emmanuel Martinez May 03, 2021

Facebook Reports Monster Q1 Earnings

Facebooks Monster Quarter

Top 5 Shareholders of Facebook

Mark Zuckerberg became $8 billion richer last week after Facebook destroyed their earning expectations last quarter.

Facebook stock price was up more than 6% in after-hours trading on Wednesday last week after the company released its first quarter earnings, beating Wall Street’s expectations for earnings and revenue.

How did it compare to Wall Street Estimates?


  • Earnings per share: $3.30 vs. $2.37  expected
  • Revenue: $26.17 billion vs. $23.67 billion expected
  • Daily active users (DAUs): 1.88 billion vs. 1.89 billion expected
  • Monthly active users (MAUs): 2.85 billion vs. 2.86 billion expected
  • Average revenue per user (ARPU): $9.27 vs. $8.40 expected
*Forecasts by FactSet

Some other insights form the quarter and earnings call!
  • Revenues grew by 48% compared to 2020. 
    • Due to higher ad prices (30% increases). This is a good sign as it shows how FB can fare in inflationary times with their monopoly on ads and control on pricing.
  • Profit almost doubled to $9.5 B compared to 2020
  • FB makes $48/ year per each user in North America. 
  • Facebook now has almost 3.5 billion monthly users across its main platforms: Facebook, Instagram, WhatsApp. This is almost half the worlds population!
Oculus Quest 2 Enthusiasm
Introducing Oculus Quest 2 - YouTube
Zuckerberg was very enthusiastic about the Oculus Quest 2, which was just updated to enable wireless streaming. This could be a big deal and a breakthrough for AR/VR. Previous headsets need to have all sorts of wires running from them, which Zuckerberg believes diminished the experience, saying on the conference call, "The technology to deliver a great experience wirelessly is very advanced, and most companies aren't going to be able to deliver this, but we believe that it is the minimum bar for a high-quality experience." 

He emphasized how this augmented reality headset would significantly add to the social network and customer experience in the long-run.