Facebook’s Q3 earnings report (FB) – News Couple
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Facebook’s Q3 earnings report (FB)


Facebook Chairman and CEO Mark Zuckerberg.

Erin Scott | Reuters

Facebook is set to report its third-quarter earnings after a bell on Monday, as the company anticipates an onslaught of alarming news coverage from a raft of internal documents released by the whistleblower.

Here’s what analysts expect:

  • gains: Analysts expect $3.19 per share, according to Refinitiv.
  • Revenues: According to Refinitiv, analysts expected $29.57 billion.
  • Daily Active Users (DAUs): 1.93 billion analysts had expected, according to StreetAccount.
  • Monthly Active Users (MAUs): 2.93 billion analysts had expected, according to StreetAccount.
  • Average Revenue Per User (ARPU): Analysts had expected $10.15, according to StreetAccount.

With revenue growth expected to reach 37% last quarter, Facebook shows that it can continue to make a growing amount of money from its massive user base.

But all of the recent interest on Facebook stems from a series of reports, initially from the Wall Street Journal, regarding internal research from former employee Francis Haugen.

Haugen initially shared some documents she obtained during her time on Facebook with Journal, then appeared before a Senate committee earlier this month to testify about her experience at the company. Since then, Haugen has released the documents to several news outlets, resulting in additional news articles.

Reports show that Facebook is aware of the many damages caused by its apps and services but is either not correcting the problems or struggling to remedy them. More documents are expected to be shared daily over the coming weeks.

Since Haugen began leaking documents and testifying, another whistleblower has filed an affidavit containing allegations about Facebook’s behavior, and previous whistleblower Sophie Zhang has spoken out again against the company.

Facebook’s call with analysts on Monday afternoon will be the first time CEO Mark Zuckerberg has spoken publicly since Haugen began releasing documents. Zuckerberg addressed some of Haugen and The Journal’s claims in an Oct. 5 Facebook post.

Investors may have additional reasons to worry about the company’s financial statements.

Rival social media app Snap reported third-quarter earnings last week, falling short of revenue expectations while also issuing disappointing guidance for the fourth quarter. Snap said changes Apple made to the iPhone operating system earlier this year disrupted the company’s advertising work. Snap told investors that global supply chain disruptions and labor shortages have also reduced advertising demand.

Snap shares fell 27% after the report, dragging down other companies in the industry. Facebook and Twitter both fell about 5%.



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