Meta Reports Strong Q4 and Full Year 2022 Results
Key Metrics
- Ad impressions increased by 28% year-over-year for the full year 2023.
- Average price per ad decreased by 9% year-over-year for the full year 2023.
- Revenue was $40.11 billion for the full year 2023.
- Ad impressions increased by 18% year-over-year for the full year 2022.
- Average price per ad decreased by 16% year-over-year for the full year 2022.
- Revenue was $32.17 billion for the full year 2022.
Earnings Report Highlights
Meta Platforms Inc. (FB) reported better-than-expected earnings and revenue in its fourth-quarter earnings report on Thursday. The company also announced its first-ever dividend payment. The stock surged 14% in extended trading overnight.
Meta's revenue for the fourth quarter of 2022 was $32.17 billion, up 4% year-over-year. This beat analysts' estimates of $31.53 billion. Earnings per share were $1.76, also beating estimates of $1.69.
For the full year of 2022, Meta's revenue was $116.61 billion, up 11% year-over-year. Earnings per share were $6.79, up 20% year-over-year.
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