- The stock price of Facebook, Inc. (NASDAQ: FB) increased from $307.10 to over $329 pre-market. This is why it happened.
The stock price of Facebook, Inc. (NASDAQ: FB) increased from $307.10 to over $329 pre-market. Investors are responding positively to the company announcing it earned $9.5 billion ($3.30 per share). And the company’s revenue increased 48% to $26.2 billion.
These are the first quarter 2021 operational and financial highlights:
— Facebook daily active users (DAUs) – DAUs were 1.88 billion on average for March 2021, an increase of 8% year-over-year.
— Facebook monthly active users (MAUs) – MAUs were 2.85 billion as of March 31, 2021, an increase of 10% year-over-year.
— Family daily active people (DAP) – DAP was 2.72 billion on average for March 2021, an increase of 15% year-over-year.
— Family monthly active people (MAP) – MAP was 3.45 billion as of March 31, 2021, an increase of 15% year-over-year.
— Capital expenditures – Capital expenditures, including principal payments on finance leases, were $4.42 billion for the first quarter of 2021.
— Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $64.22 billion as of March 31, 2021.
— Headcount – Headcount was 60,654 as of March 31, 2021, an increase of 26% year-over-year.
“We had a strong quarter as we helped people stay connected and businesses grow. We will continue to invest aggressively to deliver new and meaningful experiences for years to come, including in newer areas like augmented and virtual reality, commerce, and the creator economy.”
— Mark Zuckerberg, Facebook founder and CEO
“We are pleased with the strength of our advertising revenue growth in the first quarter of 2021, which was driven by a 30% year-over-year increase in the average price per ad and a 12% increase in the number of ads delivered. We expect that advertising revenue growth will continue to be primarily driven by price during the rest of 2021.”
— Dave Wehner, Facebook chief financial officer
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.