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Meta ( META) reported its Q4 2022 earnings today after the bell, and the Facebook parent beat key revenue expectations and growing losses on its metaverse operation. It also announced a $40 ...
For the second quarter, Meta saw earnings per share (EPS) of $5.16 on revenue of $39.07 billion. Analysts were expecting EPS of $4.74 on revenue of $38.3 billion, according to estimates compiled ...
Meta Platforms' ( META) stock rocketed higher on Friday, climbing more than 20% after the company posted better-than-expected earnings and guidance and announced new shareholder return initiatives ...
Meta Platforms, Inc. Meta Platforms, Inc., [10] doing business as Meta, [11] and formerly named Facebook, Inc., and TheFacebook, Inc., [12] [13] is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. [14]
Meta posted revenue of $39.07 billion and earnings per share of $5.16 in the second quarter. The company's results came in $760 million higher than the average analyst estimate and beat Wall ...
t. e. Meta Platforms (formerly Facebook, Inc.) is a technology company that has acquired 91 other companies, including WhatsApp. The WhatsApp acquisition closed at a steep $16 billion; more than $40 per user of the platform. Meta also purchased the defunct company ConnectU in a court settlement and acquired intellectual property formerly held ...
Further, Meta, which laid off more than 20,000 of its employees throughout 2022 and 2023, said it expects expenses to rise, as the company anticipates higher infrastructure and payroll costs.
Here are the most important numbers from Meta's earnings, compared to analysts' estimates compiled by Bloomberg: Revenue: $28.65 billion actual versus $27.67 billion estimated EPS: $2.20 actual ...
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