Facebook Shares Down 4% Following Q3 Miss
<p><a href='https://financialmodelingprep.com/financial-summary/FB'>Facebook, Inc. (NASDAQ:FB) </a>shares closed almost 4% lower on Tuesday, following the company’s reported modest miss for Q3, with revenue and EBITDA of $29.0 billion and $14.8 billion (vs. Street’s $29.5 billion and $15.4 billion). While the company’s Q4 outlook was also light of sell-side estimates, the combination of more limited effects from Apple privacy changes (ATT/IDFA), new expense disclosure and increased stock buyback made for a better-than-feared outcome. </p>
<p>According to analysts at RBC Capital, IDFA & supply chain related pressures are modestly holding back Q4 ad growth but the range of outcomes speaks to the company’s competitive differentiation, where the analysts believe the stock’s attractive valuation reflects well-discounted impression and CPM concerns, metaverse investments and regulatory concerns. </p>

NASDAQ:FB