Meta Platforms (META) Fourth Quarter Earnings

META Q3 Earnings

Meta Platforms (META) reported fourth-quarter earnings with revenue beating the expectations. Here are the key points:

Meta earnings per share came at $1.76 well below the forecasts of $2.26.

The revenue came at $32.17 billion above the expectations of $31.53 billion.

Daily Active Users (DAUs) were 2 billion slightly higher than the 1.99 billion expected.

Monthly Active Users (MAUs) were at 2.96 billion.

Family DAP and MAP are on the rise with a YoY increase of 5% and 4% respectively.

Meta’s Reality Labs unit recorded a $4.28 billion loss in Q4.

The company also announced a $40 billion buyback. Meta bought back $28B stock during 2022 (8.2% of float).

The company now sees capital expenditures to be in the range of $30-33 billion, lowered from the prior estimate of $34-37 billion.

Meta expects revenue between $26 billion and $28.5 billion, compared with analysts average estimates of $27.14 billion.

Mark Zuckerberg says AI has helped advertisers achieve 20% more conversions leading to a higher return on AD spend.

Yesterday, LightShed Partners initiated Meta Platforms at Buy and a price target of $200. Jefferies on January 30 reiterated META at Buy and raised the price target from $155 to $175.

Previous Article

Peloton (PTON) Rallies On Strong Revenue

Next Article

Amazon (AMZN) Fourth Quarter Earnings

You might be interested in …

S&P 500 Annual Returns

S&P 500 Annual Returns

Looking at the S&P 500 annual returns from 1928 to 2021, we can extract some critical hints about the returns of the most important stock index in the world.

Porsche

Porsche Stock Enters Markets

Porsche a subsidiary of Volkswagen will start trading free on the Frankfurt Stock Exchange. The first day of trading is September 29 making it one of the biggest IPOs