Facebook Q2 2020 Results investor.fb.com
Facebook Daily Active Users (DAUs) In Millions 1,785 1,734 1,657 1,623 1,587 1,562 1,523 1,495 1,471 583 556 532 519 499 490 478 470 461 699 678 641 627 615 600 577 546 561 Rest of World Asia-Pacific 305 305 286 286 288 294 279 278 282 Europe 185 185 186 186 187 189 190 195 198 US & Canada Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 DAUs/MAUs Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1’20 Q 2’20 66% 66% 66% 66% 66% 66% 66% 67% 66% Please see Facebook's most recent quarterly or annual report filed with the SEC for definitions of user activity used to determine the number of our Facebook DAUs and MAUs. The numbers for DAUs and MAUs do not include users on Instagram, WhatsApp, or our other products unless they would otherwise qualify as DAUs or MAUs, respectively, based on their other activities on Facebook. Beginning in Q3 2018, our DAU metrics reflect an update to our calculation methodology to exclude certain data signals that were previously misclassified as user account activity. This update resulted in the removal of a small percentage of accounts for Q3 2018. Excluding this update, DAUs in Q3 2018 would have been: Worldwide: 1,510 million; Rest of World: 474 million; Asia-Pacific: 567 million; Europe: 284 million; and US & Canada: 186 million. Periods prior to Q3 2018 have not been adjusted to reflect this updated methodology because the change was immaterial. 2
Facebook Monthly Active Users (MAUs) In Millions 2,701 2,603 2,498 2,449 2,414 2,375 2,320 2,271 2,234 892 851 817 802 782 768 750 736 723 1,142 1,093 1,038 1,013 1,003 981 947 917 894 Rest of World Asia-Pacific 410 406 387 394 376 375 381 384 385 Europe 241 242 242 243 244 247 248 253 256 US & Canada Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Please see Facebook's most recent quarterly or annual report filed with the SEC for definitions of user activity used to determine the number of our Facebook DAUs and MAUs. The numbers for DAUs and MAUs do not include users on Instagram, WhatsApp, or our other products unless they would otherwise qualify as DAUs or MAUs, respectively, based on their other activities on Facebook. Beginning in Q3 2018, our MAU metrics reflect an update to our calculation methodology to exclude certain data signals that were previously misclassified as user account activity. This update resulted in the removal of a small percentage of accounts for Q3 2018. Excluding this update, MAUs in Q3 2018 would have been: Worldwide: 2,280 million; Rest of World: 738 million; Asia-Pacific: 921 million; Europe: 377 million; and US & Canada: 242 million. Periods prior to Q3 2018 have not been adjusted to reflect this updated methodology because the change was immaterial. 3
Facebook Average Revenue per User (ARPU) $13.21 $8.52 $41.41 $36.49 $7.26 $11.03 $34.55 $7.05 $7.05 $34.18 $10.70 $10.68 $6.95 $10.64 $33.27 $0.23 $0.14 $0.92 $0.91 $0.11 $0.22 $0.11 $0.14 $0.69 $0.73 $0.12 $0.17 $0.17 $0.21 $0.67 $12.99 $8.38 $40.50 $35.58 $6.94 $7.15 $33.86 $10.81 $6.84 $6.91 $33.45 $10.52 $10.51 $10.43 $32.60 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Worldwide US & Canada Europe $2.48 $3.57 $2.24 $3.24 $2.13 $3.06 $3.04 $2.99 $1.99 $0.01 $0.02 $1.78 $0.02 $0.01 $0.01 $0.03 $0.02 $0.03 $0.01 $0.02 $2.47 $3.55 $3.22 $2.23 $2.12 $3.01 $3.04 $2.96 $1.98 $1.77 Other Advertising Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Asia-Pacific Rest of World Please see Facebook's most recent quarterly or annual report filed with the SEC for the definition of ARPU. Revenue by Facebook 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 disaggregated by geography disclosure in our condensed consolidated financial statements where revenue is disaggregated by geography based on the addresses of our customers. 4
Family Daily Active People (DAP) In Billions 2.47 2.36 2.26 2.20 2.14 2.10 2.03 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 DAP/MAP Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q 1’20 Q 2’20 77% 78% 78% 78% 78% 79% 79% We define a daily active person (DAP) as a registered and logged-in user of Facebook, Instagram, Messenger, and/or WhatsApp (collectively, our "Family" of products) who visited at least one of these Family products through a mobile device application or using a web or mobile browser on a given day. The numbers for DAP do not include users on our other products unless they would otherwise qualify as DAP based on their other activities on our Family products. We do not require people to use a common identifier or link their accounts to use multiple products in our Family, and therefore must seek to attribute multiple user accounts within and across products to individual people. Our calculations of DAP rely upon complex techniques, algorithms, and machine learning models that seek to estimate the underlying number of unique people using one or more of these products, including by matching user accounts within an individual product and across multiple products when we believe they are attributable to a single person, and counting such group of accounts as one person. As these techniques and models require significant judgment, are developed based on internal reviews of limited samples of user accounts, and are calibrated against user survey data, there is necessarily some margin of error in our estimates. For additional information, see "Limitations of Key Metrics and Other Data" located in the Appendix of this presentation. In the second quarter of 2020, we updated our Family metrics calculations to reflect recent data from a periodic WhatsApp user survey and to incorporate certain methodology 5 improvements, and we estimate such updates contributed an aggregate of approximately 40 million DAP to our reported worldwide DAP in June 2020.
Family Monthly Active People (MAP) In Billions 3.14 2.99 2.89 2.82 2.76 2.69 2.64 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 We define a monthly active person (MAP) as a registered and logged-in user of Facebook, Instagram, Messenger, and/or WhatsApp (collectively, our "Family" of products) who visited at least one of these Family products through a mobile device application or using a web or mobile browser in the last 30 days as of the date of measurement. The numbers for MAP do not include users on our other products unless they would otherwise qualify as MAP based on their other activities on our Family products. We do not require people to use a common identifier or link their accounts to use multiple products in our Family, and therefore must seek to attribute multiple user accounts within and across products to individual people. Our calculations of MAP rely upon complex techniques, algorithms, and machine learning models that seek to estimate the underlying number of unique people using one or more of these products, including by matching user accounts within an individual product and across multiple products when we believe they are attributable to a single person, and counting such group of accounts as one person. As these techniques and models require significant judgment, are developed based on internal reviews of limited samples of user accounts, and are calibrated against user survey data, there is necessarily some margin of error in our estimates. For additional information, see "Limitations of Key Metrics and Other Data" located in the Appendix of this presentation. In the second quarter of 2020, we updated our Family metrics calculations to reflect recent data from a periodic WhatsApp user survey and to incorporate certain methodology improvements, and we estimate such updates contributed an aggregate of approximately 50 million MAP to our reported worldwide MAP in June 2020. 6
Family Average Revenue per Person (ARPP) $7.38 $0.12 $6.52 $6.33 $6.20 $6.10 $6.03 $0.11 $5.66 $0.10 $0.10 $0.12 $0.10 $0.06 $7.26 $6.41 $6.23 $6.10 $5.98 $5.93 $5.60 Other Advertising Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 We define average revenue per person (ARPP) as our total revenue during a given quarter, divided by the average of the number of MAP at the beginning and end of the quarter. While ARPP includes all sources of revenue, the number of MAP used in this calculation only includes users of our Family products as described in the definition of MAP in the previous slide. 7
Revenue In Millions $21,082 $346 $18,687 $17,737 $17,652 $16,914 $16,886 $366 $297 $269 $15,077 $274 $262 $13,727 $13,231 $165 $188 $193 $20,736 $18,321 $17,440 $17,383 $16,640 $16,624 $14,912 $13,539 $13,038 Other Advertising Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 8
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