Meta Q2 revenue $32B (+11% YoY), EPS $2.98 (+21%); Q3 rev guidance $32-34.5B

Meta Platforms, Inc.

2023-Q2 EPS reported $5.18 revenue$60,645,000,000

Revenue $31.99B (+11% YoY, +12% constant currency); net income $7.79B (+16%); diluted EPS $2.98 (+21%).
Ad impressions +34% YoY; average price per ad -16%; Family DAP 3.07B (+7%).
Q3 revenue guidance $32-34.5B; FY2023 expense guidance raised to $88-91B; CapEx guidance lowered to $27-30B.
Headcount 71,469 (-14% YoY); restructuring costs $1.92B in H1; Reality Labs losses to increase meaningfully.
Share repurchases $793M; free cash flow $10.96B; cash and securities $53.45B.

item 2.02 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 quarter ended June 30, 2023 results: revenue $31,999, net income $7,788, EPS $2.98.

Period: the quarter ended June 30, 2023
Revenue: $31,999
Net income: $7,788
EPS: $2.98
Result: reported results

Exact text from the filing

Meta founder and CEO. Second Quarter 2023 Financial Highlights Three Months Ended June 30, In millions, except percentages and per share amounts 2023 2022 % Change Revenue $ 31,999 $ 28,822 11% Costs and expenses 22,607 20,464 10% Income from operations $ 9,392 $ 8,358 12% Operating margin 29 % 29 % Provision for income taxes $ 1,505 $ 1,499 —% Effective tax

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Source: SEC EDGAR

accession 0001326801-23-000089

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