Facebook reported earnings after the close today. And once again they absolutely crushed it!
Facebook continued its winning streak as other tech companies floundered, reaching 1.65 billion monthly users and surpassing estimates in its Q1 2016 earnings report with $5.38 billion in revenue and $0.77 earnings per share. Facebook’s share price climbed over 8% in the moments after earnings were announced, reaching over $117 in after-hours trading.
Revenue was up 52% year over year, and Facebook is still operating with strong efficiency, coining $1.5 billion in profit in Q1, up 195% year over year. Average revenue per user was up 32% YoY.
From http://techcrunch.com/2016/04/27/facebook-q1-2016-earnings/
Here is the quick rundown of what their earnings and revenue growth is looking like:
Revenue (billions) Q1 Q2 Q3 Q4
2013 1.458 1.813 2.016 2.585
2014 2.502 2.910 3.203 3.851
2015 3.543 4.042 4.501 5.841
2016 5.382
EPS (non-GAAP) Q1 Q2 Q3 Q4
2013 0.12 0.19 0.27 0.32
2014 0.35 0.43 0.43 0.54
2015 0.42 0.50 0.57 0.79
2016 0.77
Current (2016 Q1 Earnings):
Revenue Growth (billions)
2015 Q1 TTM Revenue = 13.507
2016 Q1 TTM Revenue = 19.766
Year Over Year Revenue Growth = 46.33%, previous Q 43.8%,
EPS Growth (non-GAAP)
2015 Q1 TTM Earnings = 1.82
2016 Q1 TTM Earnings = 2.63
Year Over Year EPS Growth = 44.5%, previous Q 30.29%
P/E (Check Current Price) 108.89/2.63 = 41.4
1YPEG = 41.4/44.5 = 0.93
User growth continues to climb. Compared to Twitter, there’s just no contest:
DAUs: 1.09 billion average, +16% YOY
Mobile DAUs: 989 million average, +24% YOY
MAUs: 1.65 billion, +15% YOY
Mobile MAUs: 1.51 billion, +21% YOY
Have not listened to conference call yet, so I do not know if the user engagement is down as was reported earlier this month. What I do know is that there are more active users and that Facebook is making more and more money from these active users. Oh, and revenue and EPS growth is accelerating, not slowing down.
Shares look sharply up in AH trading.
Matt
Long FB
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