earnings
confidence high
sentiment negative
materiality 0.85
Meta Q2 revenue -1% to $28.8B, EPS $2.46 (-32% YoY); Q3 rev guide $26-28.5B; CFO transition Nov 2022
Meta Platforms, Inc.
2022-Q2 EPS reported
$5.19
revenue$56,729,000,000
- Revenue $28.822B (-1% YoY); net income $6.687B (-36% YoY); diluted EPS $2.46 (-32%).
- Ad impressions +15%, average price per ad -14% YoY; Facebook DAU 1.97B (+3%).
- Q3 revenue guidance $26-28.5B, below Q2; FY2022 expense guidance lowered to $85-88B.
- CFO David Wehner becomes Chief Strategy Officer Nov 1; Susan Li promoted to CFO.
- Share repurchases $5.08B in Q2; cash & securities $40.49B.