Strong Earnings Results For Q3.pdf

Meta-09-30-2022-Exhibit-99-1-FINAL.pdf
Preview of strong earnings results for Q3
🔗 Source: s21.q4cdn.com
📊 Size: 177 KB
👤 Author: anonymous
⬇️ Downloads: 66

Summary

Meta Platforms, Inc. reported its Q3 2023 financial results, with revenue of $34.15 billion, a 23% year-over-year increase. Net income was $11.58 billion, a 164% year-over-year increase. Daily active people (DAP) was 3.14 billion, a 7% year-over-year increase, and monthly active people (MAP) was 3.96 billion, also a 7% year-over-year increase. The company expects Q4 2023 total revenue to be in the range of $36.5-40 billion and full-year 2023 total expenses to be in the range of $87-89 billion. For 2024, Meta expects total expenses to be in the range of $94-99 billion, with drivers including higher infrastructure-related costs, growth in payroll expenses, and increased operating losses in Reality Labs.

Description

Meta Platforms, Inc. reported its Q3 2023 financial results, with revenue of $34.15 billion, a 23% year-over-year increase.

Technical Information

  • File Format: PDF
  • File Size: 177 KB
  • Pages: 11
  • Language: EN
  • Author: anonymous
  • Total Downloads: 66
  • Last Updated: 4 weeks ago

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