Meta Platforms:Quarterly Results/2023 Q2: Difference between revisions

Meta Platforms:Quarterly Results/2023 Q2 (view source)

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 == Results ==
+Here is a summary of Q2 2023 earnings results<ref>https://s21.q4cdn.com/399680738/files/doc_news/Meta-Reports-Second-Quarter-2023-Results-2023.pdf</ref>.
+* Revenue grew by 11% y/y to $31.999 billion, above analysts estimate of $31.08 billion and in-line with management upper guidance of $32 billion.
+* EPS was $2.98, above analysts estimate of $2.91.
+* Operating margin was 29%, below analysts estimate of 30.4%.
+* Facebook daily active users(DAUs) was 2.06 billion versus 2.03 billion estimate.
+* Monthly active users(MAUs) was 3.03 billion versus 3 billion expected.
+* Average revenue per user(ARPU) was $10.63 versus $10.22 expected.
+* Reality labs operating losses was -$3.739 billion, above analysts estimate of $3.68 billion. Meta expects these losses to increase meaningfully y/y due to ongoing product developments in AR/VR.
+* Q3 revenue guidance: $32 billion-$34 billion versus $31.3 billion estimate.
+* FY2023 total expense guidance: Range raised to $88-91 billion from $86-90 billion due to legal-related expenses in Q2 and $4 billion restructuring costs.
+* FY2023 capital expenditures guidance: Range lowered to $27-30 billion from $30-33 billion due to cost savings, particularly on non-AI servers and shifts in investments to 2024.
+== Earnings Call Summary ==
 == Management Guidance and Analysts Expectations ==