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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 == |