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.
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Nikolas has been involved in the finance industry for over fifteen years spanning across Europe and USA with a depth of knowledge and experience within many aspects of the financial markets. Nikolas gained several years experience with some of the Europe’s leading Brokers, as equity analyst, and trader managing accounts for both Private and Corporate Investors. He enjoys both the fundamental and technical aspects of trading focusing on stock markets and all FX majors. Currently, Nikolas provides analysis and comments to online financial publications. Educational background in Economics (BSc), and Finance (MSc).