Meta Platforms:Quarterly Results/2023 Q3: Difference between revisions

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* For 2024; management expects higher infrastructure-related costs, growth in payroll expenses, and Reality Labs operating losses to increase meaningfully year-over-year.  
* For 2024; management expects higher infrastructure-related costs, growth in payroll expenses, and Reality Labs operating losses to increase meaningfully year-over-year.  
=== Analysts estimate ===
==== Proactive ====
* According to Proactive, market watchers have set the following estimates for Meta Platforms third-quarter earnings<ref name=":1">https://www.proactiveinvestors.com/companies/news/1030394/meta-faces-high-expectations-for-3q-earnings-1030394.html</ref>;
{| class="wikitable"
|+
!Key Items
!Q3 2023 estimate
!Y/Y Growth
!2024 estimate
!
|-
|Revenue
|$ 33.4 billion
|20.6%
|
|
|-
|EPS
|$ 3.57
|117.7%
|
|
|-
|Daily active users
|2.06 billion
|3.8%
|
|
|-
|Monthly active users
|3.02 billion
|2.1%
|
|
|-
|Total expense guidance
|
|
|$ 100 billion<ref name=":1" />
|
|-
|Capex guidance
|
|
|$ 35 billion<ref name=":1" />
|21%
|}
==== Seeking Alpha ====
{| class="wikitable"
!Key Items
!Q3 2023 estimate<ref>https://seekingalpha.com/symbol/META/earnings/estimates?period=quarterly</ref>
!Y/Y Growth
!UP revisions in the last three months<ref name=":2">https://seekingalpha.com/symbol/META/earnings/revisions?period=quarterly</ref>
!Down revisions in the last three months<ref name=":2" />
|-
|Revenue
|$ 33.43 billion
|20.6%
|36
|0
|-
|EPS
|$ 3.60
|119.5%
|23
|1
|}


== Small Competitor Earnings Expectations and Results ==
== Small Competitor Earnings Expectations and Results ==