Facebook parent Meta misses earnings expectations but adds users

...............................................................

"Facebook parent company Meta (FB) reported its Q1 2022 earnings on Wednesday, meeting expectations on revenue but missing on earnings per share."

"Still, the social media giant added users, and shares were up 13% in after-hours trading."

...............................................................

Here’s are the most important numbers from the report – Revenue: $27.9 billion vs $28.24 billion expected – Adjusted EPS: $2.72 vs $2.56 expected – Ad revenue: $27 billion vs $27.48 billion expected

"In a turnaround from its historically bad Q4, Meta reported that it added users across the board — daily active users increased 4% to 1.96 billion."

"Last quarter, the company's main Facebook app lost 1 million daily active users."

...............................................................

"What's more, Meta reported that it expects its total 2022 expenses to come in between $87 billion and $92 billion, less than the $90 billion to $95 billion the company previously announced."

"Still, the company missed on Q2 revenue expectations, with the company saying it will see between $28 billion and $30 billion, just shy of the $30.74 billion Wall Street was calling for."

"For more please visit our website. Click on the link given below."

Arrow

...............................................................