Facebook Earnings 2021 Date
The third quarter of Facebook’s fiscal year begins on October 28. The social media giant will report its first-quarter earnings on September 20. The company will report on two segments — revenue from Facebook services and operating profit from Facebook Reality Labs, which develops augmented and virtual reality applications. Despite its hefty operating margin, Facebook is facing a number of challenges, including privacy concerns and the threat of anti-trust suits. It is also facing a major attack from Snap, which recently announced bad quarterly earnings. The company’s iPhone privacy changes forced advertisers to cut back on spending and the company’s revenue estimate for the fourth quarter was below analysts’ expectations. Consequently, Snap’s stock dropped 26.6% after the news broke.
On the other hand, analysts expect the company to report revenue in the second half of FY 2021 between $31.5 billion and $34 billion. The decline is due to a variety of factors, including slack spending in the ad business and the impact of Apple’s iOS 14 operating system on Facebook’s revenues. Users’ growth could also be slowed by increased societal scrutiny and COVID-19-related changes, which are both factors that have a negative effect on Facebook’s shares.
The company’s CEO, Mark Zuckerberg, recently said that the company’s Q4 FY 2021 revenue may fall between $31.5 billion and $34 billion. The revenue decline will be due to uncertainty surrounding Apple Inc.’s new mobile operating system, iOS 14. Other factors related to its financial results will impact Facebook’s profitability, including the impact of its recent outage on its fourth-quarter revenue. Another possibility is that Facebook will change its name to Alphabet Inc. – the parent company of Google and Yahoo!
While the company is struggling with its public image, it has remained a money-making machine despite growing hostility towards the controversial platform. While the company’s growth remains sluggish, analysts see this as a temporary setback. The next quarter of Facebook’s fiscal year will also see the launch of its new augmented reality and virtual reality apps, which will be its next big focus. The social media giant will continue to face some tough times as it grows.
Moreover, it is worth noting that the company will begin breaking out separate financial results for its Facebook Reality Labs division in Q4 FY 2021. The new division will focus on virtual and augmented reality, and will likely be a significant part of the company’s revenues in FY2021. The other main operating segment of Facebook is the Facebook social media platform. The other major operating segment is the Family of Apps, which includes the Instagram app, WhatsApp, and Messenger.
In addition to augmented and virtual reality, Facebook will also start breaking out separate financial results for its Facebook Reality Labs division in Q4 FY 2021. The latter will be focused on the company’s efforts in the area of augmented and virtual reality. The company will report its earnings on Jan. 25, 2022, but analysts aren’t sure if this will be the last. The next quarterly reports from the social media giant are expected to be released at the end of the current year.
As Facebook continues to report fourth quarter revenue and free cash flow, investors have been watching the company with concern. As the company prepares to release its Q4 FY 2021 financial results, it is important to monitor the company’s future trajectory. Despite the company’s reputation, many people are still skeptical of its future. The next Q4 earnings will be even more critical for the social media giant, whose shares fell on Friday.
While the second quarter’s revenue growth is expected to slow, analysts predict that the company will report a steady second-half profit. Although the social media giant has faced a string of scandals, the company remains a cash cow and has a healthy balance sheet. Its biggest challenge is gaining more users and retaining users. However, despite the growing hostility toward the controversial platform, Facebook’s monetary results will remain high in the coming years.
Despite its recent EPS and revenue, the social media company’s quarterly revenue is expected to decline by around 20% in the second half of fiscal year 2021. The company’s revenue is expected to decline by another 6%. The company plans to hire 10,000 people in the European Union over the next five years. This is not surprising. But the online advertising environment is still a big threat for Facebook. The new changes in consumer privacy regulations and Apple’s “Facebook” system will help the company survive and thrive.
