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Meta Platforms:Quarterly Results/2023 Q1: Difference between revisions
Meta Platforms:Quarterly Results/2023 Q1 (view source)
Revision as of 09:22, 27 April 2023
, 27 April 2023→Results
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* Reality Labs losses was $3.992 billion(+35% y/y) in-line with $3.95 billion(+33% y/y) estimate. | * Reality Labs losses was $3.992 billion(+35% y/y) in-line with $3.95 billion(+33% y/y) estimate. | ||
* Family of Apps ad impressions " increased by 26% year-over-year and the average price per ad decreased by 17% year-over-year." | * Family of Apps ad impressions " increased by 26% year-over-year and the average price per ad decreased by 17% year-over-year." | ||
* Meta gave Q2 Revenue outlook of $29.5-$32 billion(2.3%-11% y/y) versus $29.48 billion(2.21% y/y) estimate. | * Meta gave Q2 Revenue outlook of $29.5-$32 billion(2.3%-11% y/y) versus $29.48 billion(2.21% y/y) analyst estimate. | ||
* It also lowered FY 2023 total expenses to the range of $86-90 billion(+0.38% y/y at the mid-point) from $89-$95 billion(+4.9% y/y at the mid-point) given in March. | * It also lowered FY 2023 total expenses to the range of $86-90 billion(+0.38% y/y at the mid-point) from $89-$95 billion(+4.9% y/y at the mid-point) given in March. | ||
* FY 2023 capital expenditure outlook remains unchanged at $30-33 billion to reflect its "ongoing build out of AI capacity to support ads, Feed and Reels, along with an increased investment in capacity for our generative AI initiatives." | * FY 2023 capital expenditure outlook remains unchanged at $30-33 billion to reflect its "ongoing build out of AI capacity to support ads, Feed and Reels, along with an increased investment in capacity for our generative AI initiatives." | ||