6,294
edits
Meta Platforms:Quarterly Results/2023 Q4: Difference between revisions
Meta Platforms:Quarterly Results/2023 Q4 (view source)
Revision as of 08:52, 2 February 2024
, 2 February 2024→Results
| Line 6: | Line 6: | ||
Here are the Q4 2023 numbers<ref>https://s21.q4cdn.com/399680738/files/doc_news/Meta-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Initiates-Quarterly-Dividend-2024.pdf</ref>; | Here are the Q4 2023 numbers<ref>https://s21.q4cdn.com/399680738/files/doc_news/Meta-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Initiates-Quarterly-Dividend-2024.pdf</ref>; | ||
* Revenue grew by 25% y/y to $40.11 billion, in line with management upper guidance of $40 billion (+24.3%) and above analysts’ estimate of $39.09 billion (+21.5%). | * Revenue grew by 25% y/y to $40.11 billion, in line with management's upper guidance of $40 billion (+24.3%) and above analysts’ estimate of $39.09 billion (+21.5%). | ||
* Earnings per share was $5.33 versus $4.99 analysts’ estimate while operating margin rose to 41% from 20% a year ago. | * Earnings per share was $5.33 versus $4.99 analysts’ estimate while operating margin rose to 41% from 20% a year ago. | ||
* Facebook Daily Active Users (DAUs) rose 6% y/y to 2.11 billion (analysts’ estimate: 2.07 billion or +3.3% y/y), Facebook Monthly Active Users (MAUs) increased by 3% to 3.07 billion (estimate:3.06 | * Facebook Daily Active Users (DAUs) rose 6% y/y to 2.11 billion (analysts’ estimate: 2.07 billion or +3.3% y/y), Facebook Monthly Active Users (MAUs) increased by 3% to 3.07 billion (estimate:3.06 billion).The average Family daily active people (DAP) rose 8% y/y to 3.19 billion (analysts’ estimate: 3.11 billion) while Family monthly active people (MAP) increased by 6% to 3.98 billion (estimate:3.93 billion). | ||
* Advertising revenue rose by 23.8% to $38.7 billion (estimate: $37.8 billion or +20.9%) while Reality Labs revenue increased by 47% to $1.07 billion (estimate: $810 million or +11.5%) | * Advertising revenue rose by 23.8% to $38.7 billion (estimate: $37.8 billion or +20.9%) while Reality Labs revenue increased by 47% to $1.07 billion (estimate: $810 million or +11.5%) | ||
* The company increased its share repurchase authorization by $50 billion and initiated a quarterly dividend of $0.50 per share. | * The company increased its share repurchase authorization by $50 billion and initiated a quarterly dividend of $0.50 per share. | ||
* Meta is guiding Q1 2024 revenue of $34.5-37 billion (expectations: $33.61 billion), maintaining their earlier guidance of full-year 2024 total expenses ($94-99 billion) but increasing their 2024 capex guidance by $2 billion at the upper end to $30-37 billion on anticipated increase in investments on servers and data | * Meta is guiding Q1 2024 revenue of $34.5-37 billion (expectations: $33.61 billion), maintaining their earlier guidance of full-year 2024 total expenses ($94-99 billion) but increasing their 2024 capex guidance by $2 billion at the upper end to $30-37 billion on the anticipated increase in investments on servers and data centres. | ||
== Summary of the earnings call == | == Summary of the earnings call == | ||