Company Of The Day: Facebook


What?

Facebook (NASDAQ:FB) published a stronger than expected set of Q2 2021 results, with revenue rising 55% year-over-year to $29 billion, and GAAP EPS standing at $3.61, roughly double last year’s number. However, the company expects revenue growth to decelerate over the second half of the year.

Why?

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The surge in business over Q2 came as marketers spent more on digital ads to target consumers who are spending more time online through Covid-19. However, Facebook sees some headwinds in the coming quarter, amid regulatory and platform changes, notably Apple’s iOS updates, which could impact its ad targeting capabilities.

So What?

Facebook stock declined by about 3.5% in after-hours trading on Wednesday.

See Our Complete Analysis For Facebook

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