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Meta Platforms:Quarterly Results/2023 Q1: Difference between revisions
Meta Platforms:Quarterly Results/2023 Q1 (view source)
Revision as of 07:24, 28 April 2023
, 28 April 2023→Results
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* EPS was $0.08, above analysts estimate of $0.02<ref name=":21" />. | * 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 | * The company is guiding for revenue growth in Q2 to come in-line with the growth in Q4 2022(+3.6% y/y) and Q1 2023 (+4.8% y/y) amid hopes that it will grow 6% y/y<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" />. | * Nevertheless, Pinterest forecasts non-GAAP operating expenses to grow low teens on a percentage basis quarter-over-quarter<ref name=":21" />. | ||
* CEO Bill Ready said, "In Q1, we grew our business globally through improved content relevance, shoppability, and by delivering strong results for our advertisers. Today, we’re taking meaningful steps towards expanding our ads business by opening up third-party ad demand on Pinterest, starting with Amazon as our first partner."<ref name=":21" /> | * CEO Bill Ready said, "In Q1, we grew our business globally through improved content relevance, shoppability, and by delivering strong results for our advertisers. Today, we’re taking meaningful steps towards expanding our ads business by opening up third-party ad demand on Pinterest, starting with Amazon as our first partner."<ref name=":21" /> | ||