72% of People Think Facebook Will Recover From Its Earnings Miss [New Data]

72% of People Think Facebook Will Recover From Its Earnings Miss [New Data]

In case you missed it, the social media giant released its Q2 2018 earnings report yesterday, where it was indicated that user growth has all but ceased completely in the U.S. and Canada -- and fallen in Europe. But according to our research, people aren't really surprised -- and they expect Facebook to recover from this latest (significant) stumbling block. Most People Aren't Surprised by Facebook's Slowed Growth -- and Think the Company Will Recover No Surprise Here We posed a question to 695 internet users across the U.S., UK, and Canada: After Facebook announced that its growth and earnings slowed last quarter, the company’s stock lost over 20% in value overnight. Are you surprised that Facebook’s growth is slowing down? Globally, 60% of respondents said they were not surprised by Facebook's slowed growth. We asked 633 internet users across the U.S., UK, and Canada: After Facebook announced that its growth and earnings slowed last quarter, the company’s stock lost over 20% in value overnight. Globally, nearly three-quarters of respondents -- 72% - said they do believe that Facebook will recover from the missed earnings and subsequent loss in value. What Could Be Behind These Numbers The hours following the earnings call have struck quite a debate among analysts and journalists alike. https://t.co/sB0yo5vfuP — Amanda Zantal-Wiener (@Amanda_ZW) July 26, 2018 Facebook has been making critical changes to its platform -- even prior to March Cambridge Analytica revelations about the misuse of personal data -- that the company warned would either reduce time spent on the site, or ad revenue (or both). The change was largely in response to scrutiny over the weaponization of Facebook by foreign actors to spread misinformation and ultimately influence the 2016 U.S. presidential elections -- by emphasizing content from one's personal network, the visibility of possible misinformation or divisive content would (ideally) be suppressed.

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The past 24 hours — and two years, really — have not been kind to Facebook.

In case you missed it, the social media giant released its Q2 2018 earnings report yesterday, where it was indicated that user growth has all but ceased completely in the U.S. and Canada — and fallen in Europe.

FacebookQ2DAUs
FacebookQ2MAUs

Overall, the company missed on estimates for its quarterly earnings — for the first time since 2015 — and as soon as the report was released, its stock price began to drop.

But things only became worse during the earnings call, when executives warned that growth (in both user counts and revenue) would continue decelerate in the third and fourth quarters, and perplexed analysts repeatedly asked for answers.

By the time the call ended, Facebook’s stock price dropping over 23% by the time the call ended. And overnight, the company lost $123.4 billion — or nearly 20% — of its value.

Screen Shot 2018-07-26 at 4.12.08 PM

But according to our research, people aren’t really surprised — and they expect Facebook to recover from this latest (significant) stumbling block.

Most People Aren’t Surprised by Facebook’s Slowed Growth — and Think the Company Will Recover

No Surprise Here

We posed a question to 695 internet users across the U.S., UK, and Canada:

After Facebook announced that its growth and earnings slowed last quarter, the company’s stock lost over 20% in value overnight.

Are you surprised that Facebook’s growth is slowing down?

Globally, 60% of respondents said they were not surprised by Facebook’s slowed growth.

Are you surprised that Facebook’s growth is slowing down_

When broken down by region, respondents from the UK were the most surprised, and the least so in Canada.

Responses by Region

Data collected with Lucid. Sample size: 695.

The Expected Rebound

Then, we wanted to measure how much people expect Facebook to rebound from this week’s loss. We asked 633 internet users across the U.S., UK, and Canada:

After Facebook announced that its growth and earnings slowed last quarter, the company’s stock lost over 20% in value overnight.

Do you think Facebook will recover?

Globally, nearly three-quarters of respondents — 72% – said they do believe that Facebook will recover from the missed earnings and subsequent loss in value.

Do you think Facebook will recover_

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