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Meta Platforms:Quarterly Results/2023 Q1: Difference between revisions
Meta Platforms:Quarterly Results/2023 Q1 (view source)
Revision as of 20:48, 27 April 2023
, 27 April 2023→Expectations
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==== Snap ==== | ==== Snap ==== | ||
===== Results ===== | |||
* Snap's revenue grew -7% year-over-year to $989 million, below analysts estimate of $1.01 billion(-4.7%)<ref name=":20">https://www.cnbc.com/2023/04/27/snap-q1-earnings-report-2023.html</ref>. | |||
* Its adjusted EPS was 1 cents versus -1 cents expected<ref name=":20" />. | |||
* Global daily active users were 383 million versus 384 million expected<ref name=":20" />. | |||
* Average revenue per user was $ $2.58 versus $2.63 expected<ref name=":20" />. | |||
* They are forecasting revenue in Q2 to decline 6% year-over-year to $1.04 billion versus analysts estimate of $1.10 billion(+1.85% year-over-year)<ref name=":20" />. | |||
===== Management Guidance ===== | ===== Management Guidance ===== | ||
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|$0.01 | |$0.01 | ||
| -50% | | -50% | ||
|- | |||
|Global Daily Active Users (DAUs)<ref name=":20" /> | |||
|384 million | |||
| | |||
|- | |||
|Average revenue per user<ref name=":20" /> | |||
|$2.63 | |||
| | |||
|} | |} | ||
==== Pinterest ==== | ==== Pinterest ==== | ||
The company is guiding for revenue growth in Q2 to come in-line with the growth in Q4 2022 and Q1 2023. | * Pinterest revenue grew 5% year-over-year to $603 million, above analysts estimate of $592 million(+3%)<ref name=":21">https://investor.pinterestinc.com/press-releases/press-releases-details/2023/Pinterest-Announces-First-Quarter-2023-Results/default.aspx</ref>. | ||
* EPS was $0.08, above analysts estimate of $0.02<ref name=":21" />. | |||
* The company is guiding for revenue growth in Q2 to come in-line with the growth in Q4 2022 and Q1 2023 amid hopes that it will be better<ref>https://seekingalpha.com/news/3961680-pinterest-falls-6-as-q1-beats-but-q2-costs-ramp-higher</ref>. | |||
* Nevertheless, Pinterest forecasts non-GAAP operating expenses to grow low teens on a percentage basis quarter-over-quarter<ref name=":21" />. | |||
===== Management Guidance ===== | ===== Management Guidance ===== | ||