Meta Earnings Q4

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.