Facebook Inc Earnings Model (Smith)
Author: Kyle Smith, Published: July 27, 2020 8:52pm, Category: Earnings Preview (Prior to the 2Q2019 earnings release)
Model Summary: For the purposes of this high-level forecast, the primary drivers examined are COVID-19, Monthly Active Users (MAUs), and Average Revenue Per User (ARPU). More specifically, these three drivers are studied based on geographic significance, thus providing more insight into the company. In addition, other considerations included are advertising boycotts, R&D changes, the partnership with Jio, the effective tax rate, and stock buybacks. Although the short-term outlook is relatively bearish, the company's strong financials and continued investment in its future make it a bullish long-term play....Refer to Kyle's full report attached below for details on his model drivers.
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Disclosure of Potential Conflicts of Interest: The author of this article/model has no financial investment or other conflict of interest related to the subject company or other companies discussed. Any views made or implied in the content represent the author’s opinions.