FB - Facebook EPS beats by $0.68 beats on revenue
Facebook (FB): Q4 GAAP EPS of $3.88 beats by $0.68.Revenue of $28.07B (+33.2% Y/Y) beats by $1.64B.DAU of 1.84B vs. 1.83B consensus, 1.82B prior.MAU of 2.80B vs. 2.76B consensus, 2.74B prior. At the same time, in the first half of 2021, we will be lapping a period of growth that was negatively impacted by reduced advertising demand during the early stages of the pandemic. As a result, we expect year-over-year growth rates in total revenue to remain stable or modestly accelerate sequentially in the first and second quarters of 2021. In the second half of the year, we will lap periods of increasingly strong growth, which will significantly pressure year-over-year growth rates.We also expect to face more significant ad targeting headwinds in 2021. This includes the impact of platform changes, notably iOS 14, as well as the evolving regulatory landscape. While the timing of the iOS 14 changes remains uncertain, we
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Facebook EPS beats by $0.68, beats on revenue