Facebook Reports Third Quarter 2020 Results [pdf]

by ve55 on 10/29/2020, 8:35 PM with 16 comments
  • by ve55 on 10/29/2020, 8:43 PM

    The slides provided are also very quick to read, providing visual graphs of growth in many areas by catagory: https://s21.q4cdn.com/399680738/files/doc_financials/2020/q3...

    3.21 billion monthly active users across their products, insane!

  • by _RPL5_ on 10/29/2020, 10:06 PM

    The first table in the report says that FB's effective tax rate in 2020 was 4%. The same chart says that in 2019 their effective tax rate was 17%.

    Can someone with insight explain this discrepancy? Is this some accounting artifact, did FB get a COVID tax break, or is it something else?

  • by t_serpico on 10/29/2020, 10:41 PM

    Average revenue per user is about 3-4 times higher in the US than in Europe (slide 4). Any ideas why? Do we just have a proclivity to spend more or are we more influenced by advertising?