Facebook shares tumbled more than 20% in extended trading on Wednesday after the company reported disappointing earnings, gave weak guidance and said user growth has stagnated.
Here are the results:
- Earnings per share: $3.67 vs $3.84 expected, according to a Refinitiv survey of analysts
- Revenue: $33.67 billion vs $33.4 billion expected, according to Refinitiv
Facebook also missed estimates with user numbers:
- Daily Active Users (DAUs): 1.93 billion vs 1.95 billion expected by analysts, according to StreetAccount
- Monthly Active Users (MAUs): 2.91 billion vs 2.95 billion expected by analysts, according to StreetAccount
- Average Revenue per User (ARPU): $11.57 vs $11.38 expected by analysts, according to Street Account