Facebook Reports First Quarter 2021 Results

MENLO PARK, Calif. – April 28, 2021 – Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2021.

"We had a strong quarter as we helped people stay connected and businesses grow," said Mark Zuckerberg, Facebook founder and CEO. "We will continue to invest aggressively to deliver new and meaningful experiences for years to come, including in newer areas like augmented and virtual reality, commerce, and the creator economy."

First Quarter 2021 Financial Highlights
Three Months Ended March 31,Year-over-Year % Change
In millions, except percentages and per share amounts20212020
Revenue:
Advertising$25,439 $17,440 46%
Other732 297 146%
Total revenue26,171 17,737 48%
Total costs and expenses14,793 11,844 25%
Income from operations$11,378 $5,893 93%
Operating margin43 %33 %
Provision for income taxes$2,006 $959 109%
Effective tax rate 17 %16 %
Net income$9,497 $4,902 94%
Diluted earnings per share (EPS)$3.30 $1.71 93%

First Quarter 2021 Operational and Other Financial Highlights

Facebook daily active users (DAUs) – DAUs were 1.88 billion on average for March 2021, an increase of 8% year-over-year.
Facebook monthly active users (MAUs) – MAUs were 2.85 billion as of March 31, 2021, an increase of 10% year-over-year.
Family daily active people (DAP) – DAP was 2.72 billion on average for March 2021, an increase of 15% year-over-year.
Family monthly active people (MAP) – MAP was 3.45 billion as of March 31, 2021, an increase of 15% year-over-year.
Capital expenditures – Capital expenditures, including principal payments on finance leases, were $4.42 billion for the first quarter of 2021.
Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $64.22 billion as of March 31, 2021.
Headcount – Headcount was 60,654 as of March 31, 2021, an increase of 26% year-over-year.
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The following information was filed by Meta Platforms, Inc. (FB) on Wednesday, April 28, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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