The other segment will be called Family of Apps, including Facebook, Instagram, Messenger, WhatsApp and other services.įacebook expects its investment in Facebook Reality Labs to reduce overall operating profit in 2021 by approximately $10 billion. Zuckerberg is holding a conference call with investors at 5 pm ET.įacebook did say that starting next quarter we plan to break out Facebook Reality Labs, which houses augmented and virtual reality products and services, as a separate reporting segment. No word on that or on the negative press of late that’s been roiling the company. In addition, we expect non-ads revenue to be down year-over-year in the fourth quarter as we lap the strong launch of Quest 2 during last year’s holiday shopping season,” the company said.įacebook has been rebranding itself through its focus on VR and AR as a so-called “Metaverse” company with stories out recently that it plans to change its corporate name to reflect that. “Our outlook reflects the significant uncertainty we face in the fourth quarter in light of continued headwinds from Apple’s iOS 14 changes, and macroeconomic and COVID-related factors. It expects fourth-quarter revenue to be in a range of $31.5 billion to $34 billion - below forecasts. Shares, which closed up 1.26% today, popped another 3.3% in late trading.ĭAUs were 1.93 billion on average, also an increase of 6% year-over-year. 'Clickbait' Star Phoenix Raei & Hugo Weaving Set For Australian Mystery 'The Rooster' BBC Diana Interview Latest Viaplay Premier Sports BBC 'Zuckerberg' Doc - Global Briefsīut investors may have expected worse. The change introduced last summer has thrown the digital ad market for a loop, with Snap the first out last week to report a bigger-than-expected hit in its quarterly results. Specifically it requires app users to actively opt-in to being tracked across other apps and websites, which helps advertisers deliver more targeted adds. The company acknowledged a hit from Appl’s new iOS privacy feature that allows iPhone users to opt out of receiving targeted advertising. “I’m excited about our roadmap, especially around creators, commerce, and helping to build the metaverse.” “We made good progress this quarter and our community continues to grow,” said CEO Mark Zuckerberg. Earnings per share of $3.22 - up 19% - were a beat. Revenue of $29 billion for the September quarter was up 35% from the year before but below Wall Street estimates. Facebook hit 2.91 billion monthly active users last quarter, up 6% from the year earlier, and reported mixed financial results and a revenue outlook for the current fourth quarter that was below expectations.

Monthly active users facebook