Meta Q4 revenue down 4% to $32.17B, EPS $1.76 vs $3.67; adds $40B buyback

Meta Platforms, Inc.

2022-FY EPS reported $8.59 revenue$116,609,000,000

Q4 revenue $32.17B (-4% YoY); net income $4.65B (-55%); diluted EPS $1.76 vs $3.67.
Family DAP 2.96B (+5%); Facebook DAU hit 2.00B milestone (+4% YoY).
Q4 restructuring charges $4.20B (facilities, layoff of ~11,000, data center cancellation).
Guidance: Q1 revenue $26-28.5B; FY23 expenses lowered to $89-95B; capex $30-33B.
Board authorized $40B increase in share repurchase program; $10.87B remained as of Dec 31.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Meta Platforms, Inc. reported the year ended December 31, 2022 results: revenue $116.61 billion, net income $ 23,200, EPS $ 8.59. Guidance lowered.

Period: the year ended December 31, 2022
Revenue: $116.61 billion
Net income: $ 23,200
EPS: $ 8.59
Guidance: lowered
Result: reported results

Exact text from the filing

For the full year 2022, ad impressions increased by 18% year-over-year and the average price per ad decreased by 16% year-over-year. • Revenue – Revenue was $32.17 billion and $116.61 billion, a decrease of 4% and 1% year-over-year for the fourth quarter and full year 2022, respectively. Had foreign exchange rates remained constant with the same periods of 2021,

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Meta Platforms, Inc. reported the quarter ended December 31, 2022 results: revenue $32.17 billion, net income $ 4,652, EPS $ 1.76. Guidance lowered.

Period: the quarter ended December 31, 2022
Revenue: $32.17 billion
Net income: $ 4,652
EPS: $ 1.76
Guidance: lowered
Result: reported results

Exact text from the filing

22% year-over-year. For the full year 2022, ad impressions increased by 18% year-over-year and the average price per ad decreased by 16% year-over-year. • Revenue – Revenue was $32.17 billion and $116.61 billion, a decrease of 4% and 1% year-over-year for the fourth quarter and full year 2022, respectively. Had foreign exchange rates remained constant with the same

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Meta Platforms, Inc. filing history →

Source: SEC EDGAR

accession 0001326801-23-000008

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