Thu. 01/31 - Facebook's Still Making Bank
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 31 January 2019
⏱️ 17 minutes
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| 0:00.0 | Welcome to the Tech Mem Ride Home for Thursday. January 31st, 2019. I'm Brian McCullough. |
| 0:09.0 | Today, Facebook returns to growth. |
| 0:12.0 | iPhones might be getting USBC and 3D cameras. |
| 0:15.0 | Hulu's launching PAWS ads. |
| 0:18.0 | And on Reddit, it's paintings of paintings of birds all the way down. |
| 0:23.0 | Here's what you miss today in the world of Tech. |
| 0:26.0 | It's that time of the quarter when tech earnings are coming at us fast and furious and |
| 0:34.1 | this first one was one that I was super interested in seeing. |
| 0:38.0 | Facebook reported Q4 net income of 6.9 billion dollars up 61% year over year and |
| 0:46.4 | revenue of 16.9 billion dollars up 30% year over year. |
| 0:51.0 | But of course the devil is in the Mao and Dow details right? Well guess what? They're growing again. |
| 0:58.0 | Facebook reported daily active users of 1.52 billion up 9% year over year. |
| 1:03.6 | Mals were up to 2.3 billion, as of December 31st, |
| 1:08.0 | an increase of 9% year over year. |
| 1:10.5 | But here's the headline number. |
| 1:12.1 | Facebook managed to grow daily active users in both North America and Europe once again. |
| 1:17.0 | That's noteworthy because both of those markets had seen growth plateau |
| 1:21.0 | and people were wondering if it was even possible to grow in those |
| 1:24.4 | markets anymore. It's also crucial because it's in those markets that Facebook |
| 1:28.8 | makes most of its money. Revenue per North American user grew 30% year over Money Facebook, Instagram, WhatsApp, or Messenger, what they call their family of services each month, |
| 1:46.3 | and more than 2 billion people use at least one of those family of services every day on average. |
| 1:53.0 | As Shiro Oviday tweeted, |
... |
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