Categories AlphaGraphs, Earnings, Technology

Meta Platforms (META) Q3 profit drops and misses Street view; revenue down 4%

Meta Platforms, Inc. (NASDAQ: META), the parent of popular social networking platform Facebook, reported lower revenues and earnings for the third quarter of 2022. Earnings also missed the market’s prediction.

Meta Platforms Q3 2022 earnings infographic

Third-quarter revenues decreased by 4% to $27.7 billion, mainly reflecting a slowdown in the demand for advertising services. At the end of the quarter, the company had 2.96 billion monthly active users even as the number of daily active users rose by 3%.

Reflecting the weak top-line performance, third-quarter net profit decreased to $4.40 billion or $1.64 per share from $9.19 billion or $3.22 per share in the same period of 2021. Earnings also fell short of expectations.


Check this space to read management/analysts’ comments on Meta Platform’s Q3 2022 earnings


Meta’s stock has lost a dismal 60% in the past twelve months. It closed Wednesday’s regular trading lower and lost further in the after-hours following the earnings release.

Prior Performance

  • Meta Platforms Q2 2022 Earnings Infographic
  • Facebook Q1 2022 Earnings Infographic
  • Facebook Q4 2021 earnings infographic
  • Facebook Q3 2021 earnings infographic

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

Key takeaways from General Mills’ Q3 2023 earnings report

Shares of General Mills Inc. (NYSE: GIS) were up nearly 3% on Thursday after the company delivered better-than-expected results for the third quarter of 2023 and raised its full-year guidance

FIVE Stock: Five Below is likely to continue the good show this year

For Five Below Inc. (NASDAQ: FIVE), the holiday season was more rewarding than expected as the high inflation and stressed personal finances made customers seek value. Earlier, the discount store

Earnings: Chewy (CHWY) swings to profit in Q4 on higher revenues

Chewy Inc. (NYSE: CHWY) has reported higher sales for the fourth quarter of 2022. Reflecting the strong top-line growth, the pet food company turned to profit from a loss last

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top