earnings
confidence high
sentiment negative
materiality 0.90
Q3 net income down 52% to $4.4B; revenue falls 4% YoY; Q4 guidance $30-32.5B
Meta Platforms, Inc.
2022-Q3 EPS reported
$6.82
revenue$84,444,000,000
- Revenue $27.7B (-4% YoY); net income $4.4B (-52%); diluted EPS $1.64 vs $3.22.
- Ad impressions +17% but avg price per ad -18%, indicating pricing pressure.
- Headcount 87,314 (+28%); FY2023 headcount expected roughly flat vs Q3 2022.
- FY2023 total expenses outlook $96-101B vs FY2022 $85-87B; capex $34-39B.
- Reality Labs operating losses expected to grow significantly YoY in 2023.