secwatch.observer — SEC 8-K summary
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Issuer:     Meta Platforms, Inc. (META)
CIK:        0001326801
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001326801-23-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326801/000132680123000008/0001326801-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326801/000132680123000008/meta-20230201.htm
  HTML page:      https://secwatch.observer/filing/0001326801-23-000008

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