LIVE: Facebook's Q4 Earnings
Refresh this page or click here for updates as we go along.
Here is what analysts were expecting prior to the call:
- Revenues: $2.33 billion
- Earnings per share: 27 cents.
The background to the call:
Investors will be especially sensitive to whether CEO Mark Zuckerberg, COO Sheryl Sandberg or CFO David Ebersman mention the word "teens" on the call. Last quarter, Ebersman said Facebook had seen a slight, non-significant decline in teen usage, and it immediately wiped 15% off the value of the stock.
We're also looking for news of Facebook's acquisition strategy. Facebook failed to acquire Snapchat and DeepMind recently - so we know it's in the market for new companies but it has problems pulling the trigger at the right price.
Other than that, Facebook is entering an era of tough comparables. 2013 was a heck of a year for Facebook, and now it faces big, big numbers to beat, not just in terms of revenues but monthly active user growth and mobile user growth.
Growth, in fact, is always the major issue looming behind everything with Facebook - hence the teen angst.
Disclosure: The author sold Facebook stock a couple of days before the Q4 financials were disclosed.