secwatch.observer — SEC 8-K summary
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Issuer:     Meta Platforms, Inc. (META)
CIK:        0001326801
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001326801-22-000079
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meta Q2 revenue -1% to $28.8B, EPS $2.46 (-32% YoY); Q3 rev guide $26-28.5B; CFO transition Nov 2022
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326801/000132680122000079/0001326801-22-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326801/000132680122000079/fb-20220727.htm
  HTML page:      https://secwatch.observer/filing/0001326801-22-000079

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer