Facebook (FB) reported Q2 2021 earnings after the market closed on Wednesday. Facebook reported Earnings Per Share (EPS) of $3.61 versus the average Wall Street analyst estimate of $3.02.
Revenue was $29.08 billion versus the average estimate of $27.82 billion from Wall Street analysts.
Facebook reported Monthly Active Users (MAU) of 2.9 billion, in line with estimates of 2.92 billion. Daily Active Users were 1.91 billion, also in line with estimates.
Facebook says “EXPECT INCREASED AD TARGETING HEADWINDS IN 2021 FROM REGULATORY,PLATFORM CHANGES, NOTABLY RECENT IOS UPDATES, WHICH WE EXPECT TO HAVE GREATER IMPACT IN Q3 VS Q2”
Also says “IN THIRD AND FOURTH QUARTERS OF 2021, WE EXPECT YEAR-OVER-YEAR TOTAL REVENUE GROWTH RATES TO DECELERATE SIGNIFICANTLY ON A SEQUENTIAL BASIS”
Facebook stock forecast
Facebook (FB) shares are trading $360.22 in the post market on Wednesday a change of -3.5% . Facebook (FB) stock closed the regular session at $373.44 for a gain of 1.53%.