Facebook earnings Q4 2018

Saul Loeb | AFP | Getty Images

Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC.

Facebook is reporting fourth quarter earnings after the bell Wednesday.

Here’s what Wall Street expects:

• Earnings: $2.19 per share, forecast by Refinitiv consensus estimates
• Revenue: $16.39 billion, forecast by Refinitiv consensus estimates
• Daily active users: 1.52 billion, forecast by FactSet estimates
• Monthly active users: 2.31 billion, forecast by FactSet estimates
• Average revenue per user: $7.11, forecast by FactSet estimates

All signs point to a strong financial quarter for Facebook, despite growing public outrage over the company’s privacy practices.

Daily active users and monthly active users are each expected to jump 1.8 percent quarter over quarter, and 8.6 percent year over year. Estimated average revenue per user, or ARPU, of $7.11 represents a 17 percent increase from last quarter, and a 15 percent increase from last year.

Facebook and CEO Mark Zuckerberg have been drilling down on the company’s Stories feature, a Snapchat-like sharing option for temporary photos and videos. Last quarter, Zuckerberg said Stories would become “a bigger medium than Feed has been,” and said users across the Facebook family of apps — including WhatsApp and Instagram — post more than 1 billion Stories per day.

Investors will be looking for an update on that number, and on the monetization of ads within Stories, when Facebook reports.

The company previously warned its investment in Stories could contribute to slowing revenue growth during the second half of the year. Third quarter revenue grew by 32.9 percent year over year, breaking a 12-quarter streak of growth rates above 40 percent.

Projected revenue for the December quarter of $16.39 billion marks a year-over-year growth rate of 26.3 percent.

Facebook has also been dumping cash into its dedicated video tab called Facebook Watch, its long-form Instagram product called IGTV and its Craigslist competitor, Facebook Marketplace. The company is also upping investment in cybersecurity — in the wake of data scandals and content moderation flubs — adding to a projected spike in expenses.

This story is developing. Please check back for updates.

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