Wed. 10/31 - Facebook's Earnings Are Not a Disaster
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 31 October 2018
⏱️ 20 minutes
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| 0:00.0 | Welcome to the Tech Mem Ride Home for Wednesday, October 31st, 2018. I'm Brian McCullough. Today, |
| 0:10.7 | Facebook earnings were not a disaster. |
| 0:14.0 | Another alphabet employee is out because of scandal. |
| 0:17.6 | Weimo has a permit to test real driverless cars on California roads. |
| 0:22.4 | And if you don't know what conventional notebooks are, well, let me tell you about them. |
| 0:27.0 | Here's what you miss today in the world of tech. |
| 0:29.8 | After the closing bell of markets yesterday, Facebook reported its earnings, the first time it's done so since that disastrous earnings report three months ago that the stock still hasn't quite |
| 0:43.9 | recovered from. The company reported Q3 revenues of 13.73 billion dollars |
| 0:50.0 | which was up 33% year over year. |
| 0:53.0 | That was just under Wall Street's estimates, |
| 0:56.2 | but the street seems to have taken that in stride |
| 0:58.8 | because earnings came in at a dollar 76 per share well over the estimate of a dollar 47 cents a share. |
| 1:07.6 | This was largely because Facebook has been killing it in mobile ad revenue. |
| 1:11.9 | Mobile ads represent a full 92% of Facebook's total ad |
| 1:16.1 | revenue at this point. Facebook's stock opened up nearly 6% at the time of |
| 1:21.2 | this recording early Wednesday morning. |
| 1:24.0 | But that's not what really matters, right? |
| 1:27.0 | What really matters is Mao and Tao. |
| 1:30.0 | Facebook tends to emphasize Tao, and that's where it gets interesting. |
| 1:34.6 | Daily active users came in at 1.49 billion, which is up 9% year over year. |
| 1:41.2 | Monthly active users clocked in at 2.27 billion people which is up 10%. |
| 1:47.0 | But the number of daily active users in the US and Canada was flat again at 185 million and Facebook lost 1 million European |
... |
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