$29.01 billion! Apple hits Facebook's third-quarter revenue below expectations!

It is learned that Facebook released its third-quarter 2021 financial report on October 25. It is reported that Apple's new advertising tracking requirements in iOS14 prevented Facebook's strong revenue growth in the third quarter. The following is a summary of the financial report:

• Revenue was $29.01 billion, up 35% year-on-year, but below Wall Street's expectations of $29.58 billion.

• Net profit increased 17% to $9.2 billion.

• The number of new daily active users was 22 million, and the number of daily active users reached 1.93 billion, a year-on-year increase of 6%.

• The number of monthly active users increased by 6% year-on-year to 2.91 billion.

The region with the most significant increase in Facebook's user base was Asia Pacific, with good performance in India and Indonesia, and an additional 1 million daily active users in the United States and Canada.

Facebook said that given the continued headwinds from Apple's iOS14 changes and the impact of the macroeconomy and the COVID-19 pandemic, the fourth quarter will face significant uncertainty. It expects fourth-quarter revenue to be between $31.5 billion and $34 billion. Analysts surveyed by Zacks expect fourth-quarter revenue to be $34.53 billion.

It is learned that the combined daily active users of Facebook, Instagram, Messenger and WhatsApp are 2.81 billion, the monthly active users are 3.58 billion, the annual growth rate of new users is 12%, and the month-on-month increase is 70 million.

Editor ✎ Estella /

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