Академический Документы
Профессиональный Документы
Культура Документы
Q2 2012
Safe Harbor
This presentation contains forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this presentation, including statements regarding our estimates of future stock based compensation expense, are forward-looking statements. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors, including variations in the future price of our common stock as well as future grants and forfeitures of equity awards. In addition, please note that the date of this presentation is July 26, 2012, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events.
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. Please also see the appendix to this presentation for information concerning limitations of our key user metrics.
955 901 845 800 739 680 608 550 161 133 126 113 167 144 138 183 156 174 196 212 234 183 255 207 225 245 268
201
212
221
229
239
246
154 Q4'10
163 Q1'11
169 Q2'11
176 Q3'11
179 Q4'11
183 Q1'12
186 Q2'12
Q3'10
Please see Facebooks final prospectus filed with the SEC on May 18, 2012 for definitions of user activity used to determine the number of our MAUs, DAUs and mobile MAUs. In June 2012, we discovered an error in the algorithm we used to estimate the geographic location of our users that affected our attribution of certain user locations for the first quarter of 2012. The first quarter of 2012 user metrics above reflect a reclassification to more correctly attribute users by geographic region.
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526 483 457 417 372 327 87 85 98 105 119 74 72 120 100 109 126
552 139
129
58 64 107
54 54 94 92 Q3'10
127
135
143
152
154
99 Q4'10
Q4'10 54%
105 Q1'11
Q1'11 55%
117 Q2'11
Q2'11 56%
124 Q3'11
Q3'11 57%
126 Q4'11
Q4'11 57%
129 Q1'12
Q1'12 58%
130 Q2'12
Q2'12 58%
Please see Facebooks final prospectus filed with the SEC on May 18, 2012 for definitions of user activity used to determine the number of our MAUs, DAUs and mobile MAUs. For non-worldwide DAU user numbers presented for the periods marked March 31, 2012 and June 30, 2012, the figures represent an average of the first 25 days of the period and the last 27 days of the period, respectively, due to the algorithm error described in the MAU note on slide 3. These average numbers do not meaningfully differ from the average numbers when calculated over a full month.
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Q2'10
Q3'10
Q4'10
Q1'11
Q2'11
Q3'11
Q4'11
Q1'12
Q2'12
Please see Facebooks final prospectus filed with the SEC on May 18, 2012 for definitions of user activity used to determine the number of our MAUs, DAUs and mobile MAUs.
Revenue
Millions of Dollars
Payments and other fees Advertising
$1,131 $1,058 $954 $895 $731 $76 $731 $94 $119 $156 $188 $186
$1,184 $192
$432 $8
$467 $17 $776 $655 $637 $450 $798 $943 $992 $872
$424
Q2'10
Q3'10
Q4'10
Q1'11
Q2'11
Q3'11
Q4'11
Q1'12
Q2'12
$1,184 $1,131 $87 $954 $895 $78 $104 $361 $328 $275 $290 $346 $65 $82 $115 $1,058 $87 $118 $113 $135
$731 $43 $58 $432 $21 $31 $129 $467 $25 $37 $134 $412 $249 Q2'10 $271 $218
$394
$471
$482
$567
$525
$590
Q3'10
Q4'10
Q1'11
Q2'11
Q3'11
Q4'11
Q1'12
Q2'12
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.
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Europe
$1.25 $0.90 $0.84 $1.33 $1.19 $1.34 $1.60 $1.40 $1.43
Asia
$0.46 $0.36 $0.36 $0.50 $0.43
$0.56
$0.56
$0.53
$0.55
Rest of World
$0.38 $0.33 $0.23 $0.22 $0.31 $0.40 $0.41 $0.37
$0.44
Worldwide
Q2'10 $0.94 Q3'10 $0.90 Q4'10 $1.26 Q1'11 $1.14 Q2'11 $1.26 Q3'11 $1.24 Q4'11 $1.38 Q1'12 $1.21 Q2'12 $1.28
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. The ARPU amount for US & Canada region in Q1 2012 reflects an adjustment based on the reclassification of certain users between geographical regions to more correctly attribute users by geographic region.
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$1,106
$986
~ $180
~ $185
$35 $135
$30 $145
Q3'12E Q4'12E
Q3 and Q4 2012 expenses are estimates and exclude any potential impact of future acquisitions.
Expenses as a % of Revenue
Share-based compensation + Payroll tax related to share-based compensation All other expenses
Cost of Revenue
23% 25% 22% 26%
31%
60%
23%
24%
22%
26%
11% 9%
12% 11%
11% 9%
We have reclassified certain prior period amounts in marketing and sales to general and administrative expense to conform to our current period presentation. These reclassifications did not affect revenue, total costs and expenses, income (loss) from operations, or net (loss) income.
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Q2'10
Q3'10
Q4'10
Q1'11
Q2'11
Q3'11
Q4'11
Q1'12
$(743) Q2'12
(63%) Q2'10 Q3'10 Q4'10 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12
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$129
$131
$(157) Q2'10 Q3'10 Q4'10 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12
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$285
$295
Q2 2011
Q2 2012
1H'11 YTD
1H'12
Quarterly
Non-GAAP net income excludes share based compensation expense, related payroll tax expense and other income tax adjustmentssee the Appendix for a reconciliation of this non-GAAP measure to GAAP net income.
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Capital Investments
Millions of Dollars
Property and equipment acquired under capital leases Purchases of property and equipment
$576 $510 $217 $606 $89 $56 $33 2009 $293 $285 $291 $866
2010 Annual
2011
1H'11 YTD
1H'12
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Employees
Period-end Headcount
2009
2010 Annual
2011
1H'11 YTD
1H'12
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Appendix
Reconciliations
Three Months Ended June 30, 2011 2012 $ 240 $ (157) 64 1,106 6 152 (25) (806) $ 285 $ 295 Six Months Ended June 30, 2011 2012 $ 471 $ 48 71 1,209 7 153 (18) (828) $ 531 $ 582
GAAP net income (loss) Share-based compensation expense Payroll tax expenses related to share-based compensation Income tax adjustments Non-GAAP net income
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