Meta Reports Third Quarter 2022 Results

Stifel Weighs in on Meta Platforms (META) Following Results

October 26, 2022 5:58 PM EDT

Stifel analyst Mark Kelley offers comments on Meta Platforms (NASDAQ: META) following earnings.

The analyst commented, "Meta reported slightly better 3Q22 revenue of $27.7bn vs consensus $27.4bn, with advertising revenue ahead of the Street, while Other and Reality Labs revenue were below.... More

Goldman Comments on Meta Platforms (META) Q3 2022 Earnings

October 26, 2022 4:38 PM EDT

Goldman Sachs analyst Eric Sheridan comments "We would expect investors to have an initial negative reaction to META's Q3 22 earnings report with a mixed set of results. On the positive, FX-neutral advertising revenue growth of +3% YoY was better than feared and in the top end of the guided range. In... More

Meta Platforms (META) Tumbles On Earnings Miss - Will Shrink Some Teams

October 26, 2022 4:28 PM EDT

Meta Platforms (NASDAQ: META) shares jumped before falling in after-hours trading on Wednesday after the company posted third-quarter results, missing analyst profit estimates.

Meta Platforms shares initially rose up to 5% before immediately retracing. They are down over 11% at the time of writing.

The social media and metaverse company reported earnings per share of $1.64, $0.29 worse than the analyst estimate of $1.93, while revenue for the quarter came in at $27.71 billion versus the consensus estimate of $27.57 billion. Revenue decreased by 4% year-over-year, with the company stating that foreign exchange... More

JPMorgan Summary of Meta Platforms (META) Q3 2022 Earnings

October 26, 2022 4:24 PM EDT

JPMorgan analyst Jack Atherton comments "META (-11% post mkt): Q3 revenue +2% FXN vs whispers +LSD%. Reported revenue $27.7b (-4%) vs guide $26.0- 28.5b. Family DAPs 2.93b vs Q2 2.88b; Facebook DAUs 1.98b vs Q2 1.97b. EPS $1.64 vs St $1.90. On the outlook, mgmt guiding to Q4 $30.0-32.5b... More

Meta Platforms (META) Misses Q3 EPS by 29c, Offers Guidance

October 26, 2022 4:06 PM EDT

Meta Platforms (NASDAQ: META) reported Q3 EPS of $1.64, $0.29 worse than the analyst estimate of $1.93. Revenue for the quarter came in at $27.71 billion versus the consensus estimate of $27.57 billion.

Family daily active people (DAP) DAP was 2.93 billion on average for September 2022, an increase of 4% year-over-year.Family monthly active people (MAP) MAP was 3.71 billion as of September 30, 2022, an increase of 4% year-over-year.Facebook daily active users (DAUs) DAUs were 1.98 billion on average for September 2022, an increase of 3% year-over-year.Facebook monthly active users (MAUs) MAUs were 2.96 billion as of September 30, 2022, an increase of 2%... More