Tech: Facebook is Back on Track
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 27 April 2018
⏱️ 24 minutes
🧾️ Download transcript
Summary
Facebook shareholders can breath a big sigh of relief! The company posted solid earnings that had the market forgetting all about the company's data issues. And Twitter posted its second GAAP profitable quarter, but Wall Street wasn't as thrilled.
Transcript
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| 0:18.1 | Welcome to Industry Focus, the podcast that dives to a different sector of the stock market every day. |
| 0:25.0 | It's Friday April 27th and we're talking Facebook and Twitter earnings. |
| 0:30.0 | I'm your host Dylan Lewis and I'm joined on Skype by senior tech specialist Evan New. |
| 0:34.8 | Evan, we were going back and forth on Twitter last night |
| 0:37.8 | about Facebook earnings. |
| 0:39.7 | It only seems appropriate that we were talking about |
| 0:41.8 | these two companies on the show today. |
| 0:44.7 | Yeah, it's been a big week for its earning season has begun. |
| 0:48.2 | Yeah, it's our favorite time of the quarter. |
| 0:50.4 | Why don't we, why don't we kick things off talking about Facebook? This was a pretty hotly anticipated |
| 0:56.6 | earnings release given all of the scandals and issues surrounding the company in March. |
| 1:01.2 | What did the numbers look like? So revenue came in in about 12 billion, |
| 1:05.6 | which is up almost 50% year over year. Net income jumps over 60% to 5 billion. As Facebook enjoys quite a bit of operating leverage so they're able |
| 1:15.0 | to really squeeze out more profit as their top-line grows. |
| 1:17.8 | And these are just insane growth rates. |
| 1:19.2 | I mean, this is a huge company and they're still putting up these massive growth rates. |
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