Notifications Bell

Facebook beat expectations in Q1 2021

Facebook beat expectations in Q1 2021

The social media giant topped estimates for its Q1 2021 figures

Facebook reported an EPS of $3.30 on revenues of $26.17 billion. The latter was up 48% compared to what it revealed a year ago. At the same time, its net income came in at $9.5 billion, a 94% increase from $4.9 billion reported for the same quarter last year.

The company stated that the revenue surge is a result of the increase in the average price per ad and a 12% increase in the number of ads delivered.

Moreover, across its family of apps – Facebook, Instagram, Messenger, and WhatsApp – the company boasts 3.45 billion monthly users, compared with 3.30 billion reported in the previous quarter.

For the future, Facebook expects the revenue growth to keep the same pace or to accelerate modestly in the second quarter. Its 2021 capital expenditures are forecasted at $19 billion - $21 billion, down from a previous estimate of $21 billion - $23 billion.

After the news hit the wires, Facebook stock price was up more than 6%.


This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.

You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.

This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.

Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of