secwatch.observer — SEC 8-K summary
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Issuer:     Meta Platforms, Inc. (META)
CIK:        0001326801
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001326801-22-000105
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q3 net income down 52% to $4.4B; revenue falls 4% YoY; Q4 guidance $30-32.5B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326801/000132680122000105/0001326801-22-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326801/000132680122000105/meta-20221026.htm
  HTML page:      https://secwatch.observer/filing/0001326801-22-000105

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