Facebook tops estimates with GAAP earnings, misses on revenue
Facebook press release (NASDAQ:FB): Q1 GAAP EPS of $2.72  beats by $0.17.
Revenue of $27.91B (+6.6% Y/Y)  misses by $310M.
Shares +5.5%.
Family daily active people (DAP) â DAP was 2.87 billion on average for March 2022, an increase of 6% year-over-year.
Family monthly active people (MAP) â MAP was 3.64 billion as of March 31, 2022, an increase of 6% year-over-year.
Facebook daily active users (DAUs) â DAUs were 1.96 billion on average for March 2022, an increase of 4% year-over-year.
Facebook monthly active users (MAUs) â MAUs were 2.94 billion as of March 31, 2022, an increase of 3% year-over-year.
We expect 2022 total expenses to be in the range of $87-92 billion, lowered from our prior outlook of $90-95 billion.
We expect 2022 capital expenditures, including principal payments on finance leases, to be in the range of $29-34 billion, unchanged from our prior estimate.