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Meta Platforms:Quarterly Results/2023 Q3: Difference between revisions
Meta Platforms:Quarterly Results/2023 Q3 (view source)
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Return to: [https://docs.google.com/spreadsheets/d/1UNG7ddMmZnKZK-Q0ePI1yPcKyutXw05gb3xVpS3jDJ8/edit#gid=0 Sheet:Meta Platforms] | [[Earnings Season:2023 Q3]] | Return to: [https://docs.google.com/spreadsheets/d/1UNG7ddMmZnKZK-Q0ePI1yPcKyutXw05gb3xVpS3jDJ8/edit#gid=0 Sheet:Meta Platforms] | [[Earnings Season:2023 Q3]] | ||
== Management guidance and analysts estimate == | |||
=== Management guidance === | |||
Below is the management guidance for third-quarter and full year 2023 given during second-quarter earnings<ref>https://investor.fb.com/investor-news/press-release-details/2023/Meta-Reports-Second-Quarter-2023-Results/default.aspx#:~:text=Revenue%20%E2%80%93%20Revenue%20was%20%2432.0%20billion,%25%20year%2Dover%2Dyear.</ref>; | |||
* Number of shares outstanding at the end of Q1 2023: 2.568 billion. | |||
* Management expects FX tailwind of about 3% year-over-year revenue in Q3. | |||
* 2023 total expenses includes around $4 billion of restructuring costs associated with severance and other personnel costs and facilities consolidation charges. | |||
* Management expects Reality Labs operating losses to increase year-over-year in 2023. | |||
{| class="wikitable" | |||
|+ | |||
!Key Items | |||
! colspan="6" |Q3 2023 | |||
! colspan="6" |2023 | |||
|- | |||
! | |||
!Lower-point | |||
!Y/Y Growth | |||
!Mid-Point | |||
!Y/Y Growth | |||
!Upper-point | |||
!Y/Y Growth | |||
!Lower-point | |||
!Y/Y Growth | |||
!Mid-Point | |||
!Y/Y Growth | |||
!Upper-point | |||
!Y/Y Growth | |||
|- | |||
|Revenue | |||
|$32 billion | |||
|15.5% | |||
|$33.25 billion | |||
|20.0% | |||
|$34.5 billion | |||
|24.5% | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
|- | |||
|Total expenses | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
|$88 billion | |||
|0.4% | |||
|$89.5 billion | |||
|2.1% | |||
|$91 billion | |||
|3.8% | |||
|- | |||
|Capex | |||
| | |||
| | |||
| | |||
| | |||
| | |||
| | |||
|$27 billion | |||
| -15.7% | |||
|$28.5 billion | |||
| -11.0% | |||
|$30 billion | |||
| -6.4% | |||
|} | |||
* For 2024; management expects higher infrastructure-related costs, growth in payroll expenses, and Reality Labs operating losses to increase meaningfully year-over-year. | |||
== Small Competitor Earnings Expectations and Results == | == Small Competitor Earnings Expectations and Results == | ||