secwatch.observer — SEC 8-K summary
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Issuer:     Meta Platforms, Inc. (META)
CIK:        0001326801
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001326801-23-000063
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meta Q1 revenue up 3% to $28.65B, net income down 24%; raises FY expense outlook, IDPC ruling expected May
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- Revenue $28.65B (+3% YoY, +6% constant currency); net income $5.71B (-24%); diluted EPS $2.20 (-19%).
- Operating margin 25% vs 31% a year ago; costs +10% to $21.42B including $1.14B restructuring charges.
- Ad impressions +26% YoY; average price per ad -17%; Family daily active people 3.02B (+5%).
- Q2 2023 revenue guidance $29.5-32.0B; FY2023 expense outlook raised to $86-90B (incl. $3-5B restructuring).
- Expect IDPC decision in May on EU data transfers; may include suspension order and fine; monitoring EU-U.S. Data Privacy Framework.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326801/000132680123000063/0001326801-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326801/000132680123000063/meta-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001326801-23-000063

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