Meta quarterly figures: Stock rises despite earnings gap

The most important thing about the quarterly figures from Facebook

• Facebook revenue in Q4 was around $32.2 billion.
• Net profit was in Q4 $4.7 billion.
• Diluted earnings per share were at 1,76 US-Dollar.

When did Meta publish the quarterly figures for Q4 2022?

On February 1, 2023, starting at 2:00 p.m. Pacific Time, the Meta Group hosted a public webcast to present its quarterly results. Interested parties can find the corresponding recording on the company’s website. The financial report is also publicly available there.

What were Meta’s sales in the fourth quarter of 2022?

In the fourth quarter of 2022, Meta achieved total sales of $32.2 billion. In a year-on-year comparison, the Group’s revenues fell by four percent. The background to the shrunken turnover is above all a lack of advertising income. But this is exactly the most important source of revenue for Meta. The view into the future is more optimistic. The company expects a stronger advertising business in the first quarter of 2023 with total sales of between $26 billion and $28.5 billion.

What was Facebook’s profit in Q4 2022?

In parallel with the shriveled sales, the group’s operating profit collapsed from $12.6 billion to $6.4 billion year-on-year. The company’s net income also fell by a whopping 55 percent to around $4.7 billion compared to the same period last year. According to the group, the weak results are primarily related to the dismissal of around 11,000 employees who received severance pay.

On the other hand, Meta can see user growth. The company’s platforms have reached the milestone of 2 billion daily active users, announced Mark Zuckerberg, founder and CEO of Meta. The company also announced plans to buy back $40 billion worth of stock. The stock rose more than 20 percent in after-hours trading.

Here you can find the current Facebook share price, additional forecasts and analyst expectations.

An overview of historical quarterly figures from Facebook

quarter	Revenue (Billion USD)	Net Profit (Billion USD)	Earnings per share (USD)
Q4 2022	32,2	4,7	1,76
Q3 2022	27,7	4,4	1,64
Q2 2022	28,8	6,7	2,46
Q1 2022	27,9	7,4	2,72
Q4 2021	33,7	10,3	3,67
Q3 2021	29,0	9,2	3,22
Q2 2021	29,1	10,4	3,61
Q1 2021	26,2	9,5	3,30
Q4 2020	28,1	11,2	3,88
Q3 2020	21,5	7,9	2,71
Q2 2020	18,7	5,2	1,80
Q1 2020	17,7	5,0	1,71
Q4 2019	21,1	7,4	2,56
Q3 2019	17,7	6,1	2,12
Q2 2019	16,9	2,6	0,91
Q1 2019	15,1	2,4	0,85

Source: company

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Initial publication: February 2, 2023 at 9:15 am