The incomes season of the businesses within the US inventory market is underway and the results have began pouring in. Facebook has just lately reported its Fourth Quarter and Full Year 2020 results. The monetary results are for the quarter and full-year ended December 31, 2020. As per the results uploaded on the web site of the corporate, Facebook every day energetic customers (DAUs) have been 1.84 billion on common for December 2020, a rise of 11% year-over-year. “We had a strong end to the year as people and businesses continued to use our services during these challenging times,” stated Mark Zuckerberg, Facebook founder and CEO. “I’m excited about our product roadmap for 2021 as we build new and meaningful ways to create economic opportunity, build community and help people just have fun.”
The share value of Facebook is presently at round $266.86 and the inventory has generated a return of about 30 per cent over 12 months. As an Indian investor, you may open a global buying and selling account and begin investing in US shares like Facebook. The course of to open US buying and selling account is straightforward and straightforward. You should simply endure KYC formalities and the international brokerage agency will allow you to full foreign exchange formalities earlier than buying and selling can start.
In January 2021, the Board of Directors approved incremental share repurchases of as much as a further $25 billion of our shares of Class A standard inventory. This authorization is along with the beforehand approved repurchases of as much as $34 billion of our shares of Class A standard inventory. As of the tip of 2020, $8.6 billion remained on the earlier share repurchase authorization.
Fourth Quarter and Full Year 2020 Operational and Other Financial Highlights
- Facebook every day energetic customers (DAUs) – DAUs have been 1.84 billion on common for December 2020, a rise of
- Facebook month-to-month energetic customers (MAUs) – MAUs have been 2.80 billion as of December 31, 2020, a rise of 12%
- Family every day energetic individuals (DAP) – DAP was 2.60 billion on common for December 2020, a rise of 15%
- Family month-to-month energetic individuals (MAP) – MAP was 3.30 billion as of December 31, 2020, a rise of 14% year-over-year.
- Capital expenditures – Capital expenditures, together with principal funds on finance leases, have been $4.82
billion and $15.72 billion for the fourth quarter and full 12 months of 2020, respectively.
- Cash and money equivalents and marketable securities – Cash and money equivalents and marketable securities
have been $61.95 billion as of December 31, 2020.
- Headcount – Headcount was 58,604 as of December 31, 2020, a rise of 30% year-over-year.
CFO Outlook Commentary
We proceed to face important uncertainty as we handle by way of a lot of cross currents in 2021. We consider our enterprise has benefited from two broad financial tendencies taking part in out in the course of the pandemic.
The first is the continued shift towards on-line commerce. The second is the shift in shopper demand in direction of merchandise and away from companies. We consider these shifts supplied a tailwind to our promoting enterprise within the second half of 2020 given our power in product verticals offered by way of on-line commerce and our decrease publicity to service verticals like journey. Looking ahead, a moderation or reversal in a single or each of those tendencies may function a headwind to our promoting income progress.
At the identical time, within the first half of 2021, we might be lapping a interval of progress that was negatively impacted by decreased promoting demand in the course of the early levels of the pandemic. As a consequence, we count on year-over-year progress charges in whole income to stay secure or modestly speed up sequentially within the first and second quarters of 2021. In the second half of the 12 months, we are going to lap intervals of more and more robust progress, which is able to considerably stress
year-over-year progress charges.
We additionally count on to face extra important advert focusing on headwinds in 2021. This contains the influence of platform adjustments, notably iOS 14, in addition to the evolving regulatory panorama. While the timing of the iOS 14 adjustments stays unsure, we’d count on to see an influence starting late within the first quarter.
There can also be persevering with uncertainty across the viability of transatlantic information transfers in mild of latest European regulatory developments, and like different firms in our trade, we’re carefully monitoring the potential influence on our European operations as these developments progress.
We count on 2021 whole bills to be within the vary of $68-73 billion, unchanged from our prior outlook. This is pushed by investments in expertise and product expertise in addition to continued progress in infrastructure prices.
We proceed to count on 2021 capital expenditures to be within the vary of $21-23 billion, pushed by information centres, servers, community infrastructure, and workplace services. Our outlook contains spending that was delayed from 2020 as a result of influence of the pandemic on our building efforts. We proceed to count on our full-year 2021 tax charge to be within the high-teens.