Meta Reports First Quarter 2022 Results
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Go back to Meta Reports First Quarter 2022 Results
April 28, 2022 6:40 AM EDT
Susquehanna analyst Shyam Patil lowered the price target on Meta Platforms Inc. (NASDAQ: FB) to $290.00 (from $375.00) while maintaining a Positive rating following results which were better than feared.
The analyst commented, "The results and outlook were generally better than feared given the choppy... More
April 27, 2022 4:07 PM EDT
Meta Platforms (NASDAQ: FB) reported Q1 EPS of $2.72, $0.16 better than the analyst estimate of $2.56. Revenue for the quarter came in at $27.91 billion versus the consensus estimate of $28.2 billion.
Family daily active people (DAP) DAP was 2.87 billion on average for March 2022, an increase of 6% year-over-year.Family monthly active people (MAP) MAP was 3.64 billion as of March 31, 2022, an increase of 6% year-over-year.Facebook daily active users (DAUs) DAUs were 1.96 billion on average for March 2022, an increase of 4% year-over-year.Facebook monthly active users (MAUs) MAUs were 2.94 billion as of March 31, 2022, an increase of 3%...
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