After the announcement of fourth quarter results, Meta's stock price soared by nearly 20%
Meta Platforms (NASDAQ: META), a major social media and metaverse company, announced financial results for the fourth quarter after the market closed. Financial highlights are as follows.
● Meta Platforms reported fourth quarter sales of 32.17 billion dollars, down 4% from the same period last year.
● Meta Platforms' earnings per share for the fourth quarter were 1.76 dollars, which was lower than the street forecast of 2.22 dollars.
● Facebook Daily Active Users (DAU) - On average in December 2022, DAU was 2 billion people, up 4% from the previous year.
● Facebook monthly active users (MAU) - MAU was 2.96 billion as of 2022/12/31, up 2% from the previous year.
● Costs and expenses - Total costs and expenses were $25.77 billion for the fourth quarter of 2022 and $87.66 billion for the full year, up 22% and 23%, respectively.
1. Are you satisfied with the current financial results?
2. What opinions and analyses do you have about this company?
● Meta Platforms reported fourth quarter sales of 32.17 billion dollars, down 4% from the same period last year.
● Meta Platforms' earnings per share for the fourth quarter were 1.76 dollars, which was lower than the street forecast of 2.22 dollars.
● Facebook Daily Active Users (DAU) - On average in December 2022, DAU was 2 billion people, up 4% from the previous year.
● Facebook monthly active users (MAU) - MAU was 2.96 billion as of 2022/12/31, up 2% from the previous year.
● Costs and expenses - Total costs and expenses were $25.77 billion for the fourth quarter of 2022 and $87.66 billion for the full year, up 22% and 23%, respectively.
1. Are you satisfied with the current financial results?
2. What opinions and analyses do you have about this company?
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