People use Facebook's apps and technologies to connect with friends and family, find communities and grow businesses. Transcripts of conference calls with publishing equity research analysts held today will also be posted to the investor.fb.com website.įounded in 2004, Facebook's mission is to give people the power to build community and bring the world closer together. A telephonic replay will be available for one week following the conference call at +1 (402) 977-9140 or +1 (800) 633-8284, conference ID 21995877. Facebook uses the investor.fb.com and about.fb.com/news/ websites as well as Mark Zuckerberg's Facebook Page ( ) and Instagram account ( ) as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.įollowing the call, a replay will be available at the same website. The live webcast of Facebook's earnings conference call can be accessed at investor.fb.com, along with the earnings press release, financial tables, and slide presentation. We expect our full-year 2021 tax rate to be in the high-teens.įacebook will host a conference call to discuss the results at 2 p.m. Our capital expenditures are driven primarily by our investments in data centers, servers, network infrastructure, and office facilities. We expect 2021 capital expenditures to be in the range of $19-21 billion, unchanged from our prior estimate. Our expense outlook reflects our commitment to invest ahead of the compelling long-term growth opportunities we see across our product portfolio. The year-over-year growth in expenses is driven primarily by investments in technical and product talent, infrastructure, and consumer hardware-related costs. We expect 2021 total expenses to be in the range of $70-73 billion, unchanged from our prior outlook. This is factored into our outlook.Īs noted in recent earnings calls, we continue to monitor developments regarding the viability of transatlantic data transfers and their potential impact on our European operations. We continue to expect increased ad targeting headwinds in 2021 from regulatory and platform changes, notably the recent iOS updates, which we expect to have a greater impact in the third quarter compared to the second quarter. When viewing growth on a two-year basis to exclude the impacts from lapping the COVID-19 recovery, we expect year-over-two-year total revenue growth to decelerate modestly in the second half of 2021 compared to the second quarter growth rate. In the third and fourth quarters of 2021, we expect year-over-year total revenue growth rates to decelerate significantly on a sequential basis as we lap periods of increasingly strong growth. Similar to the second quarter, we expect that advertising revenue growth will be driven primarily by year-over-year advertising price increases during the rest of 2021. Headcount – Headcount was 63,404 as of June 30, 2021, an increase of 21% year-over-year.Īdvertising revenue growth in the second quarter of 2021 was driven by a 47% year-over-year increase in the average price per ad and a 6% increase in the number of ads delivered.Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $64.08 billion as of June 30, 2021.Capital expenditures – Capital expenditures, including principal payments on finance leases, were $4.74 billion for the second quarter of 2021.Family monthly active people (MAP) – MAP was 3.51 billion as of June 30, 2021, an increase of 12% year-over-year.Family daily active people (DAP) – DAP was 2.76 billion on average for June 2021, an increase of 12% year-over-year.Facebook monthly active users (MAUs) – MAUs were 2.90 billion as of June 30, 2021, an increase of 7% year-over-year.Facebook daily active users (DAUs) – DAUs were 1.91 billion on average for June 2021, an increase of 7% year-over-year.Second Quarter 2021 Operational and Other Financial Highlights In millions, except percentages and per share amounts
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