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

Meta Platforms:Quarterly Results/2023 Q3 (view source)

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 == Results ==
+* Revenue grew 23% y/y to $34.15 billion<ref>https://s21.q4cdn.com/399680738/files/doc_news/Meta-Reports-Third-Quarter-2023-Results-2023.pdf</ref>, above analysts estimate of $33.4 billion (+20.6%), and above management midpoint guidance ($32 billion-$34.5 billion).
+* EPS was $4.39, beating expectations for $ 3.57 while operating margin rose to 40% from 20% in Q3 2022.
+* Facebook DAUs rose 5% y/y to 2.09 billion, topping expectations for 2.07 billion, Facebook MAUs rose 3% to 3.05 billion, in-line with estimates, Family daily active people (DAP) rose 7% to 3.14 billion, exceeding expectations for 3.09 billion and Family monthly active people (MAP) rose 7% to 3.96 billion versus 3.88 billion expected<ref>https://seekingalpha.com/news/4024417-meta-platforms-up-4-as-revenues-profits-users-all-top-forecasts#:~:text=Revenues%20rose%2023%25%20to%20%2434.15,prior%2Dyear%20quarter's%2020%25.</ref>.
+* Meta is guiding revenue of $36.5-40 billion in Q4 2023 (expectations: $38.7 billion), is lowering full-year 2023 total expenses and capex to $87-89 billion from $88-91 billion and $27-29 billion from  $27-30 billion, respectively.
+* Meta is also guiding full year 2024 total expenses to be in the range of $94-99 billion (expectations: < $100 billion).
 * Ad impressions rose 31%, above 29.6% estimate while average price per ad fell 6% versus 9% estimate.