[HN Gopher] Facebook Reports Third Quarter 2020 Results [pdf] ___________________________________________________________________ Facebook Reports Third Quarter 2020 Results [pdf] Author : ve55 Score : 21 points Date : 2020-10-29 20:35 UTC (2 hours ago) (HTM) web link (s21.q4cdn.com) (TXT) w3m dump (s21.q4cdn.com) | t_serpico wrote: | Average revenue per user is about 3-4 times higher in the US than | in Europe (slide 4). Any ideas why? Do we just have a proclivity | to spend more or are we more influenced by advertising? | remolacha wrote: | Also, Americans are wealthier on average. But I do wonder if | Europe's data regulations make it harder for Facebook to target | ads as effectively in the EU... | Barrin92 wrote: | Americans are somewhat wealthier than the average European but | not by that margin. My guess is several things. European data | protection is stricter so monetizing users is probably harder, | but more importantly I'd say there is no unified market for | advertisers. Europe has dozens of languages and different | cultures that are much harder to serve with ads than you can in | the United States. | ve55 wrote: | The slides provided are also very quick to read, providing visual | graphs of growth in many areas by catagory: | https://s21.q4cdn.com/399680738/files/doc_financials/2020/q3... | | 3.21 billion monthly active users across their products, insane! | ceejayoz wrote: | Given how many spambots I come across on popular pages' comment | sections, and folks with a separate work account, I'm fairly | skeptical on those numbers. | [deleted] | beckingz wrote: | This includes any person who visits a website that has a | facebook tracking pixel. | _RPL5_ wrote: | The first table in the report says that FB's effective tax rate | in 2020 was 4%. The same chart says that in 2019 their effective | tax rate was 17%. | | Can someone with insight explain this discrepancy? Is this some | accounting artifact, did FB get a COVID tax break, or is it | something else? | orange_joe wrote: | in their charts it explains this as follows: | | Reflects a one-time income tax benefit of $913 million related | to the effects of a tax election to capitalize and amortize | certain research and development expenses for U.S. income tax | purposes. Excluding this tax benefit, our effective tax rate | would have been 11 percentage points higher in Q3 2020. ___________________________________________________________________ (page generated 2020-10-29 23:00 UTC)