Facebook Beats Q4 Earnings, Revenue Forecasts But Sees Ad-Targeting Headwinds in 2021

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Facebook Beats Q4 Earnings, Revenue Forecasts But Stock Plunges in After-Hours Trading

beat forecasts on both the top and bottom line when the social media giant reported fourth-quarter and full-year earnings after the close on Wednesday, but shares are sliding in extended trade.

The company also reported average daily active users of 1.84 billion and average monthly active users of 2.8 billion. But he also noted that the company expects “more significant ad targeting headwinds” in 2021, noting platform changes as well as “the evolving regulatory landscape.”

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 /  🏆 108. in JP
 

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I hope Zuckerberg sees this bro

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