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Facebook Reports Third Quarter 2020 Results [pdf]

Author: ve55

Score: 34

Comments: 15

Date: 2020-10-29 20:35:01

Web Link

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ve55 wrote at 2020-10-29 20:43:09:

The slides provided are also very quick to read, providing visual graphs of growth in many areas by catagory:

https://s21.q4cdn.com/399680738/files/doc_financials/2020/q3...

3.21 billion monthly active users across their products, insane!

ceejayoz wrote at 2020-10-29 21:01:36:

Given how many spambots I come across on popular pages’ comment sections, and folks with a separate work account, I’m fairly skeptical on those numbers.

sumedh wrote at 2020-10-29 23:17:19:

I am pretty sure a significant amount of those 3billion users would be Indians since pretty much all the Indians in my network use WhatsApp but lof of them dont use Facebook.

bhaavan wrote at 2020-10-29 23:08:05:

They specifically exclude those numbers from "people on the Family products".

ceejayoz wrote at 2020-10-29 23:30:01:

How would they exclude spambots they aren’t detecting?

beckingz wrote at 2020-10-29 22:26:27:

This includes any person who visits a website that has a facebook tracking pixel.

jankassens wrote at 2020-10-29 23:04:39:

I don't think it does, from the slides:

https://s21.q4cdn.com/399680738/files/doc_financials/2020/q3...

> We define a monthly active person (MAP) as a registered and logged-in user of Facebook, Instagram, Messenger, and/or WhatsApp (collectively, our "Family" of products) who visited at least one of these Family products through a mobile device application or using a web or mobile browser in the last 30 days as of the date of measurement.

vvG94KbDUtRa wrote at 2020-10-29 23:07:18:

it's literally in the slides that's it's a registered user. why do people just say random shit like this

_RPL5_ wrote at 2020-10-29 22:06:45:

The first table in the report says that FB's effective tax rate in 2020 was 4%. The same chart says that in 2019 their effective tax rate was 17%.

Can someone with insight explain this discrepancy? Is this some accounting artifact, did FB get a COVID tax break, or is it something else?

orange_joe wrote at 2020-10-29 22:11:01:

in their charts it explains this as follows:

Reflects a one-time income tax benefit of $913 million related to the effects of a tax election to capitalize and amortize certain research and development expenses for U.S. income tax purposes.

Excluding this tax benefit, our effective tax rate would have been 11 percentage points higher in Q3 2020.

t_serpico wrote at 2020-10-29 22:41:07:

Average revenue per user is about 3-4 times higher in the US than in Europe (slide 4). Any ideas why? Do we just have a proclivity to spend more or are we more influenced by advertising?

Barrin92 wrote at 2020-10-29 22:51:53:

Americans are somewhat wealthier than the average European but not by that margin. My guess is several things. European data protection is stricter so monetizing users is probably harder, but more importantly I'd say there is no unified market for advertisers. Europe has dozens of languages and different cultures that are much harder to serve with ads than you can in the United States.

archlight wrote at 2020-10-30 01:26:26:

Young American are wealthier than European. In Europe wealth are with old people

remolacha wrote at 2020-10-29 22:46:21:

Also, Americans are wealthier on average. But I do wonder if Europe’s data regulations make it harder for Facebook to target ads as effectively in the EU...

handmodel wrote at 2020-10-29 23:13:32:

I believe a greater percent of retail is online in the US than Europe. Generally it is easier for an e-commerce company to get their money back on an ad than a brick and morter store trying to advertise onlin.e

rajeshp1986 wrote at 2020-10-29 23:21:50:

I think Americans in general buy a lot more stuff than Europeans. I think they are more susceptible to ads.