Meta Platforms, Inc. (NASDAQ: META) reported fourth quarter 2022 earnings results today.
Revenue declined 4% year-over-year to $32.17 billion.
Net income fell 55% to $4.6 billion while EPS dropped 52% to $1.76 compared to last year.
The top line beat estimates but the bottom line missed expectations.
Daily active users increased 2% YoY while monthly active users increased 4% YoY.
Total revenue for the first quarter of 2023 is expected to be $26-28.5 billion.
The stock soared 17% in after-market hours on Thursday.
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