Home >Investor Relations >Facebook Earning Results Q1 2013

Facebook Earning Results Q1 2013

Date post:23-Aug-2014
Category:
View:487 times
Download:1 times
Share this document with a friend
Description:
 
Transcript:
  • Quarterly Earnings Slides Q1 2013
  • Non-GAAP Measures In addition to U.S. GAAP financials, this presentation includes certain non-GAAP financial measures. These non-GAAP measures are in addition to, not a substitute for or superior to, measures of financial performance prepared in accordance with U.S. GAAP. A reconciliation of non-GAAP financial measures to the corresponding GAAP measures is provided in the appendix to this presentation. 2
  • 3 Daily Active Users (DAUs) 105 117 124 126 129 130 132 135 139 120 127 135 143 152 154 160 169 179 72 85 98 105 119 129 141 153 167 74 87 100 109 126 139 152 161 180 372 417 457 483 526 552 584 618 665 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 DAUs / MAUs Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 55% 56% 57% 57% 58% 58% 58% 59% 60% Millions of DAUs Rest of World Asia Europe US & Canada Please see Facebook's Form 10-Q for the quarter ended March 31, 2013 for definitions of user activity used to determine the number of our MAUs, DAUs and mobile MAUs. The number of MAUs, DAUs, and mobile MAUs do not include Instagram users unless such users would otherwise qualify as MAUs, DAUs, and mobile MAUs based on activity that is shared back to Facebook.
  • 4 Monthly Active Users (MAUs) Please see Facebook's Form 10-Q for the quarter ended March 31, 2013 for definitions of user activity used to determine the number of our MAUs, DAUs and mobile MAUs. The number of MAUs, DAUs, and mobile MAUs do not include Instagram users unless such users would otherwise qualify as MAUs, DAUs, and mobile MAUs based on activity that is shared back to Facebook. 163 169 176 179 183 186 189 193 195 201 212 221 229 239 246 253 261 269 156 174 196 212 234 255 277 298 319161 183 207 225 245 268 288 304 327 680 739 800 845 901 955 1,007 1,056 1,110 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Millions of MAUs Rest of World Asia Europe US & Canada
  • 5 Mobile Monthly Active Users (Mobile MAUs) Millions of Mobile MAUs Please see Facebook's Form 10-Q for the quarter ended March 31, 2013 for definitions of user activity used to determine the number of our MAUs, DAUs and mobile MAUs. The number of MAUs, DAUs, and mobile MAUs do not include Instagram users unless such users would otherwise qualify as MAUs, DAUs, and mobile MAUs based on activity that is shared back to Facebook. 288 325 376 432 488 543 604 680 751 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13
  • 6 Mobile Only Monthly Active Users (Mobile Only MAUs) Millions of Mobile Only MAUs Mobile Only MAUs are mobile MAUs that accessed Facebook solely through mobile apps or our mobile website. 83 102 126 157 189 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13
  • Payments and other fees Advertising Revenue Millions of Dollars $637 $776 $798 $943 $872 $992 $1,086 $1,329 $1,245 $94 $119 $156 $188 $186 $192 $176 $256 $213 $731 $895 $954 $1,131 $1,058 $1,184 $1,262 $1,585 $1,458 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 7
  • Rest of World Asia Europe US & Canada 8 Revenue by User Geography Revenue by user geography is geographically apportioned based on our estimation of the geographic location of our users when they perform a revenue-generating activity. This allocation differs from our revenue by geography disclosure in our consolidated financial statements where revenue is geographically apportioned based on the location of the advertiser or developer. Millions of Dollars $394 $471 $482 $567 $525 $590 $637 $780 $679 $229 $275 $290 $361 $328 $346 $341 $440 $423 $62 $82 $104 $115 $118 $135 $154 $198 $197 $47 $65 $78 $87 $87 $113 $130 $167 $159 $731 $895 $954 $1,131 $1,058 $1,184 $1,262 $1,585 $1,458 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13
  • Rest of World Asia Europe US & Canada 9 Advertising Revenue by User Geography Revenue by user geography is geographically apportioned based on our estimation of the geographic location of our users when they perform a revenue-generating activity. This allocation differs from our revenue by geography disclosure in our consolidated financial statements where revenue is geographically apportioned based on the location of the advertiser or developer. $332 $394 $395 $462 $419 $479 $538 $631 $552 $206 $245 $245 $306 $274 $294 $295 $374 $367 $56 $74 $88 $95 $99 $115 $133 $168 $176 $44 $61 $71 $79 $79 $104 $120 $156 $150 $637 $776 $798 $943 $872 $992 $1,086 $1,329 $1,245 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Millions of Dollars
  • $62 $77 $87 $105 $106 $111 $99 $149 $127 $23 $30 $45 $55 $54 $52 $46 $66 $56 $6 $8 $16 $20 $19 $20 $21 $30 $21 $3 $4 $7 $8 $8 $9 $10 $11 $9 $94 $119 $156 $188 $186 $192 $176 $256 $213 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Rest of World Asia Europe US & Canada 10 Payments & Other Revenue by User Geography Revenue by user geography is geographically apportioned based on our estimation of the geographic location of our users when they perform a revenue-generating activity. This allocation differs from our revenue by geography disclosure in our consolidated financial statements where revenue is geographically apportioned based on the location of the advertiser or developer. Millions of Dollars
  • 11 Average Revenue per User (ARPU) $1.17 $1.21 $1.18 $1.46 $1.38 $0.23 $0.21 $0.18 $0.26 $0.21$1.40 $1.43 $1.37 $1.71 $1.60 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Europe $0.44 $0.47 $0.50 $0.58 $0.57 $0.08 $0.08 $0.08 $0.10 $0.07$0.53 $0.55 $0.58 $0.69 $0.64 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Asia Revenue by user geography is geographically apportioned based on our estimation of the geographic location of our users when they perform a revenue-generating activity. This allocation differs from our revenue by geography disclosure in our consolidated financial statements where revenue is geographically apportioned based on the location of the advertiser or developer. Please see Facebooks Form 10-Q for the quarter ended March 31, 2013 for the definition of ARPU. $0.34 $0.40 $0.43 $0.53 $0.48 $0.03 $0.03 $0.04 $0.04 $0.03 $0.37 $0.44 $0.47 $0.56 $0.50 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Rest of World $1.00 $1.07 $1.11 $1.29 $1.15 $0.21 $0.21 $0.18 $0.25 $0.20 $1.21 $1.28 $1.29 $1.54 $1.35 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Worldwide $2.32 $2.59 $2.87 $3.30 $2.85 $0.58 $0.60 $0.53 $0.78 $0.65$2.90 $3.20 $3.40 $4.08 $3.50 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 US & Canada Payments Advertising
  • Share-Based Compensation Expense 12 $58 $59 $74 $97 $113 $138 $137 $135 $986 $28 $24 $9 $7 $64 $70 $76 $103 $1,106 $179 $184 $170 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 (in millions) Pre-2011 RSUs Post-2011 RSUs Options & Other
  • 13 Expenses as a % of Revenue 12% 11% 12% 10% 12% 14% 33% 13% 12% 14% Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Marketing & Sales 26% 25% 25% 24% 28% 26% 31% 26% 25% 28% Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Cost of Revenue 9% 9% 11% 10% 11% 14% 60% 19% 19% 20% Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Research & Development 8% 11% 10% 9% 10% 10% 39% 12% 11% 12% Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 General & Administrative Share-based compensation + Payroll tax related to share-based compensation All other expenses
  • Income (Loss) from Operations $388 $407 $414 $548 $381 ($743) $377 $523 $373 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 GAAP Income (Loss) from Operations (in millions) $396 $477 $484 $624 $485 $515 $525 $736 $563 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Non-GAAP Income from Operations (in millions) 14 Non-GAAP income (loss) from operations excludes share-based compensation expense, payroll tax expenses related to share-based compensation, and related income tax adjustmentssee the Appendix for a reconciliation of this non-GAAP measure to GAAP income (loss) from operations.
  • 15 Operating Margin 54% 53% 51% 55% 46% 43% 42% 46% 39% Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Non-GAAP Operating Margin 53% 45% 43% 48% 36% (63%) 30% 33% 26% Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 GAAP Operating Margin Non-GAAP operating margin excludes share-based compensation expense, payroll tax expenses related to share-based compensation, and related income tax adjustmentssee the Appendix for a reconciliation of this non-GAAP measure to GAAP operating margin.
  • 16 Effective Tax Rate Q212 through Q412 GAAP effective tax rates were influenced by significant share-based compensation expense resulting from our initial public offering, a portion of which is not tax-deductible GAAP Effective Tax Rate Non-GAAP Effective Tax Rate Q1 Q2 Q3 Q4 Q1 FY FY ($ in millions) 2012 2012 2012 2012 2013 2011 2012 GAAP income (loss) before provision for income taxes 382 (765) 372 505 353 1,695 494 GAAP provision for (benefit from) income taxes 177 (608) 431 441 134 695 441 Effective Tax Rate 46% 79% 116% 87% 38% 41% 89% Q1 Q2 Q3 Q4 Q1 FY FY ($ in millions) 2012 2012 2012 2012 2013 2011 2012 Non-GAAP income before provision for income taxes 486 493 520 718 543 1,919 2,217 Non-GAAP provision for income taxes 199 198 209 29
Popular Tags:

Click here to load reader

Embed Size (px)
Recommended