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META Earnings: All you need to know about Meta Platforms’ Q4 2022 earnings results

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.

Prior performance

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