Facebook's Investor Presentation from 2018.
We're compiling some of the investor presentations for technology start-ups. The purpose is to better understand the business as a point of reference or comparison.
I do not own this deck or any of its contents. The original deck can be found on Facebook's Investor Relations webpage as part of its required reporting.
This document contains Twitter's earnings report for Q4 2015. It provides key metrics such as monthly active users, revenue, advertising metrics, and adjusted EBITDA. Monthly active users grew 11% internationally and 3% in the US year-over-year. Revenue increased 48% to $710 million driven by a 48% increase in advertising revenue. Adjusted EBITDA grew 35% to $191 million, representing 27% of revenue.
This document contains Twitter's earnings report for Q4 2015. It provides key metrics such as monthly active users, revenue, advertising metrics, and adjusted EBITDA. Monthly active users grew 11% internationally and 3% in the US year-over-year. Revenue increased 48% to $710 million driven by a 48% increase in advertising revenue. Adjusted EBITDA grew 35% to $191 million, representing 27% of revenue.
- Twitter reported its Q1 2015 earnings, with key metrics including monthly active users (MAUs) of 284 million, up 18% year-over-year. International MAUs grew 19% to 211 million, while US MAUs grew 15% to 65 million.
- Twitter's revenue in Q1 2015 was $436 million, up 74% year-over-year. Advertising revenue was $388 million, up 72% year-over-year. Adjusted EBITDA was $104 million, up 182% year-over-year.
- Twitter provided explanations and caveats for how it calculates its metrics, such as noting the potential for false/spam accounts and automated activity to influence reported MAU
- Twitter reported its earnings for Q1 2016, with key metrics including monthly active users increasing 4% internationally and remaining flat in the US, at 310 million total.
- Advertising revenue increased 37% year-over-year to $531 million, with international advertising revenue up 38%.
- Adjusted EBITDA increased 73% year-over-year to $180 million, representing 30% of total revenue.
Twitter reported its Q2 2022 financial results. Some key highlights include:
- Daily active users grew 16.6% year-over-year to 237.8 million driven by product improvements and current events.
- Revenue was $1.18 billion, a 1% decrease year-over-year but up 2% excluding foreign exchange rates.
- Operating loss was $344 million compared to an operating income of $30 million in the same period last year.
- The acquisition of Twitter by Elon Musk is pending litigation and shareholder approval after Musk attempted to terminate the deal.
The presentation discusses PFSweb, a provider of end-to-end ecommerce solutions for over 150 brands. It summarizes PFSweb's financial highlights including increasing service fee equivalent revenue and adjusted EBITDA from fiscal years 2013 to 2016. It also outlines PFSweb's strategy to address the global ecommerce services market through its offerings in digital agency services, technology services, operations, and global presence.
- Facebook reported daily active users (DAUs) of 1.908 billion for Q2 2021, an increase of 30 million from the previous quarter. Monthly active users (MAUs) were 2.895 billion for Q2 2021, an increase of 52 million from the previous quarter.
- Advertising revenue was $29.077 billion for Q2 2021, an increase of $2.906 billion or 11% year-over-year. The majority of advertising revenue came from users in the US & Canada and Europe.
- Family daily active people (DAP) and monthly active people (MAP), which include users of Facebook, Instagram, Messenger, and WhatsApp, were 2.76 billion and 3
This document contains Twitter's earnings report for Q4 2015. It provides key metrics such as monthly active users, revenue, advertising metrics, and adjusted EBITDA. Monthly active users grew 11% internationally and 3% in the US year-over-year. Revenue increased 48% to $710 million driven by a 48% increase in advertising revenue. Adjusted EBITDA grew 35% to $191 million, representing 27% of revenue.
This document contains Twitter's earnings report for Q4 2015. It provides key metrics such as monthly active users, revenue, advertising metrics, and adjusted EBITDA. Monthly active users grew 11% internationally and 3% in the US year-over-year. Revenue increased 48% to $710 million driven by a 48% increase in advertising revenue. Adjusted EBITDA grew 35% to $191 million, representing 27% of revenue.
- Twitter reported its Q1 2015 earnings, with key metrics including monthly active users (MAUs) of 284 million, up 18% year-over-year. International MAUs grew 19% to 211 million, while US MAUs grew 15% to 65 million.
- Twitter's revenue in Q1 2015 was $436 million, up 74% year-over-year. Advertising revenue was $388 million, up 72% year-over-year. Adjusted EBITDA was $104 million, up 182% year-over-year.
- Twitter provided explanations and caveats for how it calculates its metrics, such as noting the potential for false/spam accounts and automated activity to influence reported MAU
- Twitter reported its earnings for Q1 2016, with key metrics including monthly active users increasing 4% internationally and remaining flat in the US, at 310 million total.
- Advertising revenue increased 37% year-over-year to $531 million, with international advertising revenue up 38%.
- Adjusted EBITDA increased 73% year-over-year to $180 million, representing 30% of total revenue.
Twitter reported its Q2 2022 financial results. Some key highlights include:
- Daily active users grew 16.6% year-over-year to 237.8 million driven by product improvements and current events.
- Revenue was $1.18 billion, a 1% decrease year-over-year but up 2% excluding foreign exchange rates.
- Operating loss was $344 million compared to an operating income of $30 million in the same period last year.
- The acquisition of Twitter by Elon Musk is pending litigation and shareholder approval after Musk attempted to terminate the deal.
The presentation discusses PFSweb, a provider of end-to-end ecommerce solutions for over 150 brands. It summarizes PFSweb's financial highlights including increasing service fee equivalent revenue and adjusted EBITDA from fiscal years 2013 to 2016. It also outlines PFSweb's strategy to address the global ecommerce services market through its offerings in digital agency services, technology services, operations, and global presence.
- Facebook reported daily active users (DAUs) of 1.908 billion for Q2 2021, an increase of 30 million from the previous quarter. Monthly active users (MAUs) were 2.895 billion for Q2 2021, an increase of 52 million from the previous quarter.
- Advertising revenue was $29.077 billion for Q2 2021, an increase of $2.906 billion or 11% year-over-year. The majority of advertising revenue came from users in the US & Canada and Europe.
- Family daily active people (DAP) and monthly active people (MAP), which include users of Facebook, Instagram, Messenger, and WhatsApp, were 2.76 billion and 3
This is Uber's first investor presentation (for Q4 2019) after going public in 2019.
We're compiling some of the investor presentations for technology start-ups. The purpose is to better understand the business as a point of reference or comparison.
I do not own this deck or any of its contents. The original deck can be found on Uber's Investor Relations webpage as part of its required reporting.
- Nielsen reported financial results for the 1st quarter of 2018, with total revenues of $1.61 billion, a 5.5% increase year-over-year. Net income was $72 million.
- The Watch segment saw total revenue growth of 7.1% driven by strength in national TV and digital measurement. Adjusted EBITDA margin increased 12 basis points to 42.0%.
- The Buy segment had total revenue decline of 2.1% due to weakness in developed markets like the US. Adjusted EBITDA margin declined 318 basis points to 10.8% amid ongoing investments.
- Nielsen reaffirmed 2018 guidance for total revenue growth of approximately 3% in constant currency and adjusted
Facebook reported its Q2 2016 results, highlighting key metrics such as daily and monthly active users which continued to grow worldwide. The document provided financial details such as revenue, expenses, income and cash flow. Revenue increased compared to prior periods, driven primarily by growth in mobile advertising. Expenses remained focused on developing products and community infrastructure.
- The document is the Q3 FY18 financial results presentation from New Relic, a provider of software analytics products.
- In Q3 FY18, New Relic reported revenue of $91.8 million, up 35% year-over-year, with an annualized dollar-based net expansion rate of 125%.
- New Relic provided guidance for Q4 FY18 with revenue between $95-96.5 million, and outlook for FY18 and FY19 with an expectation of returning to operating profitability.
Facebook reported its Q1 2016 results, highlighting increases in key metrics such as daily active users (DAUs), mobile DAUs, and monthly active users (MAUs). Revenue grew to over $5.4 billion for the quarter, mainly from advertising. Non-GAAP income from operations was $3 billion. Mobile users continue to drive growth, with mobile-only MAUs reaching nearly 1 billion.
Facebook reported its Q1 2016 results, highlighting increases in key metrics such as daily active users (DAUs), mobile DAUs, and monthly active users (MAUs). Revenue grew to over $5.4 billion for the quarter, mainly from advertising. Non-GAAP income from operations was $3 billion. Mobile users continue to drive growth, with mobile-only MAUs reaching nearly 1 billion.
- New Relic reported financial results for Q2 FY18, with revenue of $84.7M, up 33% year-over-year.
- For Q3 FY18, New Relic expects revenue of $88.3-89.8M, operating loss of $4-5M, and EPS of $(0.07)-(0.09).
- For FY18, New Relic expects revenue of $346.5-349.5M, operating loss of $13-14M, and EPS of $(0.21)-(0.22).
Twitter reported its second quarter 2014 earnings. It saw growth in key metrics such as monthly active users (MAUs), which grew 24% year-over-year to 271 million. Timeline views grew 15% to 173 billion. However, engagement as measured by timeline views per MAU declined 7% year-over-year. Revenue grew 124% to $312 million, driven by strong advertising revenue growth. Adjusted EBITDA improved significantly to $54 million compared to $2 million in the prior year quarter.
Nielsen reported financial results for the second quarter of 2018, with total revenue of $1.647 billion, a 0.2% increase year-over-year. Net income decreased 45% to $72 million. The Watch segment saw revenue growth of 4.0% driven by audience measurement, while the Buy segment declined 5.4% due to weakness in developed markets. Nielsen updated full-year 2018 guidance, expecting total revenue to decline around 1% in constant currency.
This document contains forward-looking statements, disclaimers, and definitions related to CPI Card Group's financial reporting. It discusses risks and uncertainties inherent in forward-looking statements. It also provides context around non-GAAP financial measures reported by CPI Card Group and reconciliations to GAAP measures. The document establishes CPI Card Group as a North American leader in payment card solutions with leading market positions and addresses a large growing market driven by long-term trends in the payments industry.
This document contains forward-looking statements, disclaimers, and definitions related to CPI Card Group's financial reporting. It discusses risks and uncertainties inherent in forward-looking statements. It also provides context around non-GAAP financial measures reported by CPI Card Group and reconciliations to GAAP measures. The document establishes CPI Card Group as a North American leader in payment card solutions with leading market positions in key segments and an attractive financial profile supported by recurring revenue, industry trends, and operating leverage.
Cpi card group presentation june 2016 final webcpi2016ir
The document discusses forward-looking statements and disclaimers, non-GAAP financial measures, and the card payment solutions industry. It provides the following information:
- The document contains forward-looking statements that are based on estimates and assumptions that could cause actual results to differ materially.
- It discusses non-GAAP financial measures like Adjusted EBITDA, Adjusted Net Income, and Adjusted Free Cash Flow that should not be considered alternatives to GAAP measures.
- CPI is a leading provider of card payment solutions in North America with the number one position in several US markets and long-term customer relationships.
The document provides supplemental slides for an earnings call, including the following key points:
- Revenue declined 6.9% in Q4 2016 versus 2015, while adjusted EBITDA declined slightly by $1.7M and increased $23.5M for the full year.
- The balance sheet was strengthened with the largest cash balance since the spin-off in 2014, debt and pension reductions, and reduced net debt.
- Full year 2017 guidance forecasts revenue of $1,570-$1,600M and adjusted EBITDA of $185-$195M.
- Segment results showed advertising revenue declines for the tronc M segment but growth for tronc X, while adjusted EBITDA
The corporate presentation discusses PFSweb's financial performance and outlook. It provides key metrics such as service fee equivalent revenue, which was $185.3 million in 2015 and is projected to be $225 million in 2016. Adjusted EBITDA was $20.7 million in 2015 and is estimated to be $22.5 million in 2016. The presentation also outlines PFSweb's business segments and global operations across major eCommerce platforms. It positions the company as the only global provider of end-to-end eCommerce solutions and discusses how strategic acquisitions have expanded its total addressable market.
1) The company reported 1.2% comparable revenue growth in Q2 2018 compared to the prior year. Digital sales increased as a percentage of total sales and mobile sales grew as a percentage of digital sales.
2) The net loss improved by $2 million, EPS improved by $0.03, and Adjusted EBITDA grew 12% compared to Q2 2017.
3) Guidance for 2018 was affirmed, with expected normalized sales growth of 2-5% and Adjusted EBITDA of $19-21 million.
Atento reported its fiscal 2016 third quarter results. Revenue declined 3.3% year-over-year to $443.7 million due to macroeconomic challenges, though the decline is slowing. Adjusted EBITDA was $60.5 million with margins of 13.6%, up from the prior quarter. Cash flow generation was strong with $46.7 million in free cash flow before interest. Atento also reaffirmed and extended its strategic relationship with Telefónica.
- ADP reported 8% revenue growth and 11% growth in diluted EPS for the third quarter of fiscal year 2018. Adjusted diluted EPS grew 16%.
- New business bookings increased 9% year-over-year, reflecting strong demand for ADP's HCM solutions.
- For fiscal year 2018, ADP expects 7-8% revenue growth, 16-17% growth in adjusted diluted EPS, and a 2.5% increase in U.S. pays per control.
- The company achieved comparable revenue growth for the first time since Q1 2016 and launched 13 new brands, many showing potential for growth.
- The net loss and adjusted EBITDA improved 7% compared to the previous year. Digital sales increased 240 basis points to 53.0% of total sales.
- Guidance for 2018 affirms expectations of normalized sales growth between 2-5% and adjusted EBITDA growth between 5-17%.
The document is the Q1 FY18 financial results presentation from New Relic, Inc. It includes the following key points:
- New Relic reported revenue of $80.1 million for Q1 FY18, up 37% year-over-year. Cash from operating activities and non-GAAP free cash flow were both records highs.
- For Q2 FY18, New Relic is providing revenue guidance of $81.8-83.3 million and non-GAAP operating loss of $5-6 million. For FY18, revenue guidance is $344-348 million and non-GAAP operating loss of $14-17 million.
- New Relic continues
This is Uber's first investor presentation (for Q4 2019) after going public in 2019.
We're compiling some of the investor presentations for technology start-ups. The purpose is to better understand the business as a point of reference or comparison.
I do not own this deck or any of its contents. The original deck can be found on Uber's Investor Relations webpage as part of its required reporting.
- Nielsen reported financial results for the 1st quarter of 2018, with total revenues of $1.61 billion, a 5.5% increase year-over-year. Net income was $72 million.
- The Watch segment saw total revenue growth of 7.1% driven by strength in national TV and digital measurement. Adjusted EBITDA margin increased 12 basis points to 42.0%.
- The Buy segment had total revenue decline of 2.1% due to weakness in developed markets like the US. Adjusted EBITDA margin declined 318 basis points to 10.8% amid ongoing investments.
- Nielsen reaffirmed 2018 guidance for total revenue growth of approximately 3% in constant currency and adjusted
Facebook reported its Q2 2016 results, highlighting key metrics such as daily and monthly active users which continued to grow worldwide. The document provided financial details such as revenue, expenses, income and cash flow. Revenue increased compared to prior periods, driven primarily by growth in mobile advertising. Expenses remained focused on developing products and community infrastructure.
- The document is the Q3 FY18 financial results presentation from New Relic, a provider of software analytics products.
- In Q3 FY18, New Relic reported revenue of $91.8 million, up 35% year-over-year, with an annualized dollar-based net expansion rate of 125%.
- New Relic provided guidance for Q4 FY18 with revenue between $95-96.5 million, and outlook for FY18 and FY19 with an expectation of returning to operating profitability.
Facebook reported its Q1 2016 results, highlighting increases in key metrics such as daily active users (DAUs), mobile DAUs, and monthly active users (MAUs). Revenue grew to over $5.4 billion for the quarter, mainly from advertising. Non-GAAP income from operations was $3 billion. Mobile users continue to drive growth, with mobile-only MAUs reaching nearly 1 billion.
Facebook reported its Q1 2016 results, highlighting increases in key metrics such as daily active users (DAUs), mobile DAUs, and monthly active users (MAUs). Revenue grew to over $5.4 billion for the quarter, mainly from advertising. Non-GAAP income from operations was $3 billion. Mobile users continue to drive growth, with mobile-only MAUs reaching nearly 1 billion.
- New Relic reported financial results for Q2 FY18, with revenue of $84.7M, up 33% year-over-year.
- For Q3 FY18, New Relic expects revenue of $88.3-89.8M, operating loss of $4-5M, and EPS of $(0.07)-(0.09).
- For FY18, New Relic expects revenue of $346.5-349.5M, operating loss of $13-14M, and EPS of $(0.21)-(0.22).
Twitter reported its second quarter 2014 earnings. It saw growth in key metrics such as monthly active users (MAUs), which grew 24% year-over-year to 271 million. Timeline views grew 15% to 173 billion. However, engagement as measured by timeline views per MAU declined 7% year-over-year. Revenue grew 124% to $312 million, driven by strong advertising revenue growth. Adjusted EBITDA improved significantly to $54 million compared to $2 million in the prior year quarter.
Nielsen reported financial results for the second quarter of 2018, with total revenue of $1.647 billion, a 0.2% increase year-over-year. Net income decreased 45% to $72 million. The Watch segment saw revenue growth of 4.0% driven by audience measurement, while the Buy segment declined 5.4% due to weakness in developed markets. Nielsen updated full-year 2018 guidance, expecting total revenue to decline around 1% in constant currency.
This document contains forward-looking statements, disclaimers, and definitions related to CPI Card Group's financial reporting. It discusses risks and uncertainties inherent in forward-looking statements. It also provides context around non-GAAP financial measures reported by CPI Card Group and reconciliations to GAAP measures. The document establishes CPI Card Group as a North American leader in payment card solutions with leading market positions and addresses a large growing market driven by long-term trends in the payments industry.
This document contains forward-looking statements, disclaimers, and definitions related to CPI Card Group's financial reporting. It discusses risks and uncertainties inherent in forward-looking statements. It also provides context around non-GAAP financial measures reported by CPI Card Group and reconciliations to GAAP measures. The document establishes CPI Card Group as a North American leader in payment card solutions with leading market positions in key segments and an attractive financial profile supported by recurring revenue, industry trends, and operating leverage.
Cpi card group presentation june 2016 final webcpi2016ir
The document discusses forward-looking statements and disclaimers, non-GAAP financial measures, and the card payment solutions industry. It provides the following information:
- The document contains forward-looking statements that are based on estimates and assumptions that could cause actual results to differ materially.
- It discusses non-GAAP financial measures like Adjusted EBITDA, Adjusted Net Income, and Adjusted Free Cash Flow that should not be considered alternatives to GAAP measures.
- CPI is a leading provider of card payment solutions in North America with the number one position in several US markets and long-term customer relationships.
The document provides supplemental slides for an earnings call, including the following key points:
- Revenue declined 6.9% in Q4 2016 versus 2015, while adjusted EBITDA declined slightly by $1.7M and increased $23.5M for the full year.
- The balance sheet was strengthened with the largest cash balance since the spin-off in 2014, debt and pension reductions, and reduced net debt.
- Full year 2017 guidance forecasts revenue of $1,570-$1,600M and adjusted EBITDA of $185-$195M.
- Segment results showed advertising revenue declines for the tronc M segment but growth for tronc X, while adjusted EBITDA
The corporate presentation discusses PFSweb's financial performance and outlook. It provides key metrics such as service fee equivalent revenue, which was $185.3 million in 2015 and is projected to be $225 million in 2016. Adjusted EBITDA was $20.7 million in 2015 and is estimated to be $22.5 million in 2016. The presentation also outlines PFSweb's business segments and global operations across major eCommerce platforms. It positions the company as the only global provider of end-to-end eCommerce solutions and discusses how strategic acquisitions have expanded its total addressable market.
1) The company reported 1.2% comparable revenue growth in Q2 2018 compared to the prior year. Digital sales increased as a percentage of total sales and mobile sales grew as a percentage of digital sales.
2) The net loss improved by $2 million, EPS improved by $0.03, and Adjusted EBITDA grew 12% compared to Q2 2017.
3) Guidance for 2018 was affirmed, with expected normalized sales growth of 2-5% and Adjusted EBITDA of $19-21 million.
Atento reported its fiscal 2016 third quarter results. Revenue declined 3.3% year-over-year to $443.7 million due to macroeconomic challenges, though the decline is slowing. Adjusted EBITDA was $60.5 million with margins of 13.6%, up from the prior quarter. Cash flow generation was strong with $46.7 million in free cash flow before interest. Atento also reaffirmed and extended its strategic relationship with Telefónica.
- ADP reported 8% revenue growth and 11% growth in diluted EPS for the third quarter of fiscal year 2018. Adjusted diluted EPS grew 16%.
- New business bookings increased 9% year-over-year, reflecting strong demand for ADP's HCM solutions.
- For fiscal year 2018, ADP expects 7-8% revenue growth, 16-17% growth in adjusted diluted EPS, and a 2.5% increase in U.S. pays per control.
- The company achieved comparable revenue growth for the first time since Q1 2016 and launched 13 new brands, many showing potential for growth.
- The net loss and adjusted EBITDA improved 7% compared to the previous year. Digital sales increased 240 basis points to 53.0% of total sales.
- Guidance for 2018 affirms expectations of normalized sales growth between 2-5% and adjusted EBITDA growth between 5-17%.
The document is the Q1 FY18 financial results presentation from New Relic, Inc. It includes the following key points:
- New Relic reported revenue of $80.1 million for Q1 FY18, up 37% year-over-year. Cash from operating activities and non-GAAP free cash flow were both records highs.
- For Q2 FY18, New Relic is providing revenue guidance of $81.8-83.3 million and non-GAAP operating loss of $5-6 million. For FY18, revenue guidance is $344-348 million and non-GAAP operating loss of $14-17 million.
- New Relic continues
Similar to Facebook_Meta_Q4-2018-Earnings-Presentation.pdf (20)
Explore the key differences between silicone sponge rubber and foam rubber in this comprehensive presentation. Learn about their unique properties, manufacturing processes, and applications across various industries. Discover how each material performs in terms of temperature resistance, chemical resistance, and cost-effectiveness. Gain insights from real-world case studies and make informed decisions for your projects.
2. Daily Active Users (DAUs)
In Millions
Rest of World
Asia-Pacific
Europe
US & Canada
DAUs / MAUs
Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18
66% 66% 66% 66% 66% 66% 66% 66% 66%
Please see Facebook's most recent quarterly or annual report filed with the SEC for definitions of user activity used to determine the number of our DAUs and MAUs. The
numbers for DAUs and MAUs do not include Instagram, WhatsApp, or Oculus users unless they would otherwise qualify as such users, respectively, based on their other
activities on Facebook.
Beginning in Q3 2018, our DAU metrics reflect an update to our calculation methodology to exclude certain data signals that were previously misclassified as user account activity.
This update resulted in the removal of a small percentage of accounts for Q3 2018. Excluding this update, DAUs in Q3 2018 would have been: Worldwide: 1,510 million; Rest of
World: 474 million; Asia-Pacific: 567 million; Europe: 284 million; and US & Canada: 186 million. Periods prior to Q3 2018 have not been adjusted to reflect this updated
methodology because the change was immaterial.
2
3. Monthly Active Users (MAUs)
In Millions
3
Rest of World
Asia-Pacific
Europe
US & Canada
Please see Facebook's most recent quarterly or annual report filed with the SEC for definitions of user activity used to determine the number of our DAUs and MAUs. The numbers
for DAUs and MAUs do not include Instagram, WhatsApp, or Oculus users unless they would otherwise qualify as such users, respectively, based on their other activities on
Facebook.
Beginning in Q3 2018, our MAU metrics reflect an update to our calculation methodology to exclude certain data signals that were previously misclassified as user account activity.
This update resulted in the removal of a small percentage of accounts for Q3 2018. Excluding this update, MAUs in Q3 2018 would have been: Worldwide: 2,280 million; Rest of
World: 738 million; Asia-Pacific: 921 million; Europe: 377 million; and US & Canada: 242 million. Periods prior to Q3 2018 have not been adjusted to reflect this updated
methodology because the change was immaterial.
5. Revenue by User Geography
In Millions
Rest of World
Asia-Pacific
Europe
US & Canada
Revenue by user geography is geographically apportioned based on our estimation of the geographic location of our users when they perform a revenue-
generating activity. This allocation differs from our revenue disaggregated by geography disclosure in our condensed consolidated financial statements
where revenue is disaggregated by geography based on the billing address of our customer.
5
6. Advertising Revenue by User Geography
In Millions
Rest of World
Asia-Pacific
Europe
US & Canada
6
Revenue by user geography is geographically apportioned based on our estimation of the geographic location of our users when they perform a revenue-
generating activity. This allocation differs from our revenue disaggregated by geography disclosure in our condensed consolidated financial statements
where revenue is disaggregated by geography based on the billing address of our customer.
7. Payments & Other Fees Revenue by User Geography
In Millions
Rest of World
Asia-Pacific
Europe
US & Canada
7
Revenue by user geography is geographically apportioned based on our estimation of the geographic location of our users when they perform a revenue-
generating activity. This allocation differs from our revenue disaggregated by geography disclosure in our condensed consolidated financial statements
where revenue is disaggregated by geography based on the billing address of our customer.
8. Europe
Average Revenue per User (ARPU)
Worldwide US & Canada
Asia-Pacific Rest of World
Payments and Other Fees
Advertising
8
Revenue by user geography is geographically apportioned based on our estimation of the geographic location of our users when they perform a
revenue-generating activity. This allocation differs from our revenue disaggregated by geography disclosure in our condensed consolidated financial
statements where revenue is disaggregated by geography based on the billing address of our customer. Please see Facebook's most recent quarterly or
annual report filed with the SEC for the definition of ARPU.
12. ($ in millions) Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18
Income before provision for income taxes $ 4,533 $ 3,408 $ 4,488 $ 5,236 $ 7,462 $ 5,610 $ 5,868 $ 5,912 $ 7,971
Provision for income taxes 965 344 594 529 3,194 622 762 775 1,089
Effective Tax Rate 21% 10% 13% 10% 43% 11% 13% 13% 14%
Effective Tax Rate
12
In December 2017, the 2017 Tax Cuts and Jobs Act (the Tax Act) was enacted and significantly impacted the U.S. tax law. As a result of this legislation,
our fourth quarter and full year 2017 provision for income taxes increased by $2.27 billion, which impacted our effective tax rate, net income and diluted
earnings per share (EPS) for such periods. Our diluted EPS decreased by $0.77 for both the fourth quarter and full year 2017. As a result of the Tax Act,
starting in 2018, the U.S. statutory tax rate decreased from 35% to 21%.
13. In December 2017, the 2017 Tax Cuts and Jobs Act (the Tax Act) was enacted and significantly impacted the U.S. tax law. As a result of this legislation,
our fourth quarter and full year 2017 provision for income taxes increased by $2.27 billion, which impacted our effective tax rate, net income and diluted
earnings per share (EPS) for such periods. Our diluted EPS decreased by $0.77 for both the fourth quarter and full year 2017. As a result of the Act,
starting in 2018, the U.S. statutory tax rate decreased from 35% to 21%.
Net Income
In Millions
13
14. Diluted Earnings Per Share
In December 2017, the 2017 Tax Cuts and Jobs Act (the Tax Act) was enacted and significantly impacted the U.S. tax law. As a result of this legislation,
our fourth quarter and full year 2017 provision for income taxes increased by $2.27 billion, which impacted our effective tax rate, net income and diluted
earnings per share (EPS) for such periods. Our diluted EPS decreased by $0.77 for both the fourth quarter and full year 2017. As a result of the Act,
starting in 2018, the U.S. statutory tax rate decreased from 35% to 21%.
14
17. ($ in millions) Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18
Net cash provided by operating activities $ 4,930 $ 5,058 $ 5,360 $ 6,128 $ 7,670 $ 7,860 $ 6,299 $ 7,496 $ 7,684
Less: Purchases of property and equipment, net 1,269 1,271 1,444 1,755 2,262 2,812 3,459 3,343 4,366
Free Cash Flow $ 3,661 $ 3,787 $ 3,916 $ 4,373 $ 5,408 $ 5,048 $ 2,840 $ 4,153 $ 3,318
Free Cash Flow Reconciliation
17
Free Cash Flow (FCF) is a non-GAAP financial measure that has limitations as an analytical tool, and you should not consider it in isolation or as a
substitute for analysis of other GAAP financial measures, such as net cash provided by operating activities. Some of the limitations of FCF are: (i) FCF
does not reflect our future contractual commitments, and (ii) other companies in our industry present similarly titled measures differently than we do,
limiting their usefulness as comparative measures. FCF is not intended to represent our residual cash flow available for discretionary expenditures.
18. Limitations of Key Metrics and Other Data
The numbers for our key metrics, which include our daily active users (DAUs), monthly active users (MAUs), and average revenue per user (ARPU), are calculated using internal company
data based on the activity of user accounts. While these numbers are based on what we believe to be reasonable estimates of our user base for the applicable period of measurement,
there are inherent challenges in measuring usage of our products across large online and mobile populations around the world. In addition, we are continually seeking to improve our
estimates of our user base, and such estimates may change due to improvements or changes in our methodology.
We regularly evaluate these metrics to estimate the number of "duplicate" and "false" accounts among our MAUs. A duplicate account is one that a user maintains in addition to his or her
principal account. We divide "false" accounts into two categories: (1) user-misclassified accounts, where users have created personal profiles for a business, organization, or non-human
entity such as a pet (such entities are permitted on Facebook using a Page rather than a personal profile under our terms of service); and (2) undesirable accounts, which represent user
profiles that we determine are intended to be used for purposes that violate our terms of service, such as spamming. The estimates of duplicate and false accounts are based on an internal
review of a limited sample of accounts, and we apply significant judgment in making this determination. For example, to identify duplicate accounts we use data signals such as similar IP
addresses or user names, and to identify false accounts we look for names that appear to be fake or other behavior that appears inauthentic to the reviewers. Our estimates may change
as our methodologies evolve, including through the application of new data signals or technologies, which may allow us to identify previously undetected duplicate or false accounts and
may improve our ability to evaluate a broader population of our users. Duplicate and false accounts are very difficult to measure at our scale, and it is possible that the actual number of
duplicate and false accounts may vary significantly from our estimates.
In the fourth quarter of 2018, we estimate that duplicate accounts may have represented approximately 11% of our worldwide MAUs. We believe the percentage of duplicate accounts is
meaningfully higher in developing markets such as the Philippines and Vietnam, as compared to more developed markets. In the fourth quarter of 2018, we estimate that false accounts
may have represented approximately 5% of our worldwide MAUs. Our estimation of false accounts can vary as a result of episodic spikes in the creation of such accounts, which we have
seen originate more frequently in specific countries such as Indonesia and Vietnam. From time to time, we may make product changes or take other actions to reduce the number of
duplicate or false accounts among our users, which may also reduce our DAU and MAU estimates in a particular period.
Our data limitations may affect our understanding of certain details of our business. For example, while user-provided data indicates a decline in usage among younger users, this age data
is unreliable because a disproportionate number of our younger users register with an inaccurate age. Accordingly, our understanding of usage by age group may not be complete.
In addition, our data regarding the geographic location of our users is estimated based on a number of factors, such as the user's IP address and self-disclosed location. These factors may
not always accurately reflect the user's actual location. For example, a user may appear to be accessing Facebook from the location of the proxy server that the user connects to rather
than from the user's actual location. The methodologies used to measure user metrics may also be susceptible to algorithm or other technical errors. Our estimates for revenue by user
location and revenue by user device are also affected by these factors.
We regularly review our processes for calculating these metrics, and from time to time we may discover inaccuracies in our metrics or make adjustments to improve their accuracy, including
adjustments that may result in the recalculation of our historical metrics. We believe that any such inaccuracies or adjustments are immaterial unless otherwise stated. We intend to disclose
our estimates of the number of duplicate and false accounts among our MAUs on an annual basis. In addition, our DAU and MAU estimates will differ from estimates published by third
parties due to differences in methodology.
The numbers of DAUs and MAUs discussed in this presentation, as well as ARPU, do not include Instagram, WhatsApp, or Oculus users unless they would otherwise qualify as such users,
respectively, based on their other activities on Facebook.
In addition, other user engagement metrics included herein do not include Instagram, WhatsApp, or Oculus unless otherwise specifically stated.
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