---
schema_version: "secwatch.filing_event.v1"
accession: "0001326801-23-000008"
form_type: "8-K"
ticker: "META"
cik: "0001326801"
company_name: "Meta Platforms, Inc."
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T03:34:21.632937+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001326801-23-000008
- form_type: 8-K
- ticker: META
- cik: 0001326801
- company_name: Meta Platforms, Inc.
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326801/000132680123000008/0001326801-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326801/000132680123000008/meta-20230201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001326801-23-000008
- JSON: https://secwatch.observer/filing/0001326801-23-000008.json
- Plain text: https://secwatch.observer/filing/0001326801-23-000008.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326801/000132680123000008/0001326801-23-000008-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326801/000132680123000008/0001326801-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.