secwatch.observer — SEC 8-K summary
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Issuer:     Meta Platforms, Inc. (META)
CIK:        0001326801
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001326801-23-000089
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326801/000132680123000089/0001326801-23-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326801/000132680123000089/meta-20230726.htm
  HTML page:      https://secwatch.observer/filing/0001326801-23-000089

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