Meta Platforms (META) reported fourth-quarter earnings with revenue beating the expectations. Here are the key points:
Meta earnings per share came at $1.76 well below the forecasts of $2.26.
The revenue came at $32.17 billion above the expectations of $31.53 billion.
Daily Active Users (DAUs) were 2 billion slightly higher than the 1.99 billion expected.
Monthly Active Users (MAUs) were at 2.96 billion.
Family DAP and MAP are on the rise with a YoY increase of 5% and 4% respectively.
Meta’s Reality Labs unit recorded a $4.28 billion loss in Q4.
The company also announced a $40 billion buyback. Meta bought back $28B stock during 2022 (8.2% of float).
The company now sees capital expenditures to be in the range of $30-33 billion, lowered from the prior estimate of $34-37 billion.
Meta expects revenue between $26 billion and $28.5 billion, compared with analysts average estimates of $27.14 billion.
Yesterday, LightShed Partners initiated Meta Platforms at Buy and a price target of $200. Jefferies on January 30 reiterated META at Buy and raised the price target from $155 to $175.
Meta earnings per share came at $1.76 well below the forecasts of $2.26.
The revenue came at $32.17 billion above the expectations of $31.53 billion.
Daily Active Users (DAUs) were 2 billion slightly higher than the 1.99 billion expected.
Monthly Active Users (MAUs) were at 2.96 billion.
Family DAP and MAP are on the rise with a YoY increase of 5% and 4% respectively.
Meta’s Reality Labs unit recorded a $4.28 billion loss in Q4.
The company also announced a $40 billion buyback. Meta bought back $28B stock during 2022 (8.2% of float).
The company now sees capital expenditures to be in the range of $30-33 billion, lowered from the prior estimate of $34-37 billion.
Meta expects revenue between $26 billion and $28.5 billion, compared with analysts average estimates of $27.14 billion.
Yesterday, LightShed Partners initiated Meta Platforms at Buy and a price target of $200. Jefferies on January 30 reiterated META at Buy and raised the price target from $155 to $175.