Free Post Earnings Research Report: Facebook’s Quarterly Earnings Advanced 62.50%

Stock Monitor: Akamai Technologies Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 11, 2018 / If you want access to our free earnings report on Facebook, Inc. (NASDAQ: FB), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FB. On April 25, 2018, Facebook reported financial results for the first quarter of 2018 ending March 31, 2018. The Company surpassed analysts’ estimates for earnings as well as revenue in Q1 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Akamai Technologies, Inc. (NASDAQ: AKAM), which also belongs to the Technology sector as the Company Facebook. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Facebook most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

Facebook’s total revenues reached $11.97 billion for Q1 FY18, reflecting an increase of 48.98% from $8.03 billion in Q1 FY17. This exceeded analysts’ consensus estimates by $560 million. Foreign exchange tailwinds contributed $536 million of revenue in Q1 FY18. Besides, the adoption of ASC 606 led to incremental revenue of approximately $130 million in the reported quarter due to a change from net to gross accounting for its Instant Articles product.

In the quarter under review, Facebook had advertising revenues of $11.80 billion (or 98.57% of total revenue) and payment and other fees of $171 million (or 1.43% of total revenue). The Company’s daily active users (DAUs) were 1.45 billion on an average for March 2018, up 13% on a y-o-y basis. The Company’s monthly active users (MAUs) also reached 2.20 billion as on March 31, 2018, an increase of 13% on a y-o-y basis.

Facebook incurred total costs and expenses of $6.52 billion in Q1 FY18, 38.51% higher than $4.71 billion in Q1 FY17. The Company’s cost of revenue increased 66.26% to $1.93 billion on a y-o-y basis, and research and development (R&D) expenses jumped 22.03% to $2.24 billion on a y-o-y basis in Q1 FY18. Facebook’s income from operations advanced 63.78% to $5.45 billion in the quarter under review from $3.33 billion in the previous year’s same quarter. The Company’s operating margin also ascended 4.12 percentage points to 45.54% in Q1 FY18.

Net income attributable to Facebook’s Class A and Class B common stockholders was $4.99 billion in the three months ending March 31, 2018, up 63.03% from $3.06 billion in the same period last year. The Company’s diluted earnings per share (DEPS) also rose 62.50% to $1.69 in the reported quarter from $1.04 in the year ago corresponding quarter. The reported DEPS for Q1 FY18 exceeded analysts’ consensus estimates by $0.36 per share.

Cash Matters

Facebook had total cash, cash equivalents, and restricted cash of $12.21 billion as on March 31, 2018, an increase of 67.65% from $7.28 billion as on March 31, 2017.

Facebook’s net cash provided by operating activities for the quarter ending March 31, 2018, was $7.86 billion, 55.40% higher than the $5.06 billion reported in the quarter ending March 31, 2017. The Company had a free cash flow of $5.05 billion in Q1 FY18, up 33.30% from $3.79 billion in Q1 FY17. The Company spent $2.81 billion on purchases of property and equipment in Q1 FY18 compared to $1.27 billion in Q1 FY17, reflecting an increase of 121.24%.

Facebook spent $1.77 billion on repurchases of Class ‘A’ common stock in Q1 FY18 compared to $228 million in Q1 FY17. In April 2018, the Company increased the amount authorized under its share repurchase program by an additional $9.0 billion.

Stock Performance Snapshot

May 10, 2018 – At Thursday’s closing bell, Facebook’s stock climbed 1.57%, ending the trading session at $185.53.

Volume traded for the day: 20.92 million shares.

Stock performance in the last month – up 11.55%; previous three-month period – up 8.13%; past twelve-month period – up 23.45%; and year-to-date – up 5.14%

After yesterday’s close, Facebook’s market cap was at $536.27 billion.

Price to Earnings (P/E) ratio was at 27.23.

The stock is part of the Technology sector, categorized under the Internet Information Providers industry. This sector was up 1.2% at the end of the session.

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