Meta Q3 2023: revenue $34.15B, EPS $4.39, DAUs 2.09B; Q4 revenue guide $36.5-40B

Meta Platforms, Inc.

2023-Q3 EPS reported $9.56 revenue$94,791,000,000

Revenue $34.15B (+23% YoY), net income $11.58B, diluted EPS $4.39 (up 168%).
Family DAP 3.14B (+7%), Facebook DAUs 2.09B (+5%); ad impressions +31%, price per ad -6%.
Headcount 66,185, down 24% YoY; share repurchases $3.7B; free cash flow $13.64B.
Q4 2023 revenue guidance $36.5-40B; FY2023 expense guidance lowered to $87-89B from $88-91B.
Preliminary FY2024 expenses $94-99B, capex $30-35B; Reality Labs losses expected to increase meaningfully.

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 0.95

Meta Platforms, Inc. reported the quarter ended September 30, 2023 results: revenue $ 34,146, net income $ 11,583, EPS $ 4.39. Guidance lowered.

Period: the quarter ended September 30, 2023
Revenue: $ 34,146
Net income: $ 11,583
EPS: $ 4.39
Guidance: lowered
Result: reported results

Exact text from the filing

and our AI studio." Third Quarter 2023 Financial Highlights Three Months Ended September 30, In millions, except percentages and per share amounts 2023 2022 % Change Revenue $ 34,146 $ 27,714 23% Costs and expenses 20,398 22,050 (7)% Income from operations $ 13,748 $ 5,664 143% Operating margin 40 % 20 % Provision for income taxes $ 2,437 $ 1,181 106%

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Source: SEC EDGAR

accession 0001326801-23-000100

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