Breaking: FB Earnings

Facebook gives back AH gains; U.S. teen DAUs decline • 5:55 PM

• On Facebook's (FB) Q3 CC, CFO David Ebersman admits his company saw a decline in teen daily active users (DAUs), even as usage within the demographic remained steady.
• The disclosure comes amid plenty of commentary (as well as some survey data) suggesting Facebook's popularity with U.S. teens is waning. The company recently changed its teen policy terms, and reportedly made a failed attempt to buy Snapchat, which is quite popular with the demographic.
• Facebook also says it expects its Payments revenue to decline (+24% Y/Y in Q3) in Q4. It's worth noting here Facebook recorded four months of Payments revenue in Q4 2012.
• Mark Zuckerberg once more talks up Facebook's strong mobile engagement rates (previous), pointing to comScore data that indicates Facebook accounts for 20% all U.S. app usage.
• Share -0.4% AH after being up over 15% immediately following the release of Facebook's Q3 report.
• Q3 results, details. CC live blogs: I, II.

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FB price at time of publication: $49.01. Check FB price now »

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Transcripts on FB

• Facebook Inc. (FB) CEO Discusses Q2 2013 Results - Earnings Call Transcript
• Facebook Inc (FB) Management Discusses Q2 2013 Results (Webcast) by SA Transcripts
• Facebook's CEO Discusses Q1 2013 Results - Earnings Call Transcript

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