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BRIEF-Meta Reports Second Quarter 2022 Results

BRIEF-Meta Reports Second Quarter 2022 Results

Reuters · 07/27/2022 16:20
BRIEF-Meta Reports Second Quarter 2022 Results

- Meta Platforms Inc META:

  • META REPORTS SECOND QUARTER 2022 RESULTS

  • QTRLY TOTAL REVENUE $ 28,822 MILLION VERSUS $29,077 MILLION REPORTED LAST YEAR

  • QTRLY EARNINGS PER SHARE $2.46

  • EXPECT THIRD QUARTER 2022 TOTAL REVENUE TO BE IN THE RANGE OF $26-28.5 BILLION

  • EXPECT 2022 TOTAL EXPENSES TO BE IN THE RANGE OF $85-88 BILLION

  • REDUCED OUR HIRING AND OVERALL EXPENSE GROWTH PLANS THIS YEAR TO ACCOUNT FOR THE MORE CHALLENGING OPERATING ENVIRONMENT

  • QTRLY ADVERTISING REVENUE $28,152 MILLION VERSUS $28,580 MILLION REPORTED LAST YEAR

  • DAP WAS 2.88 BILLION ON AVERAGE FOR JUNE 2022, AN INCREASE OF 4% YEAR-OVER-YEAR

  • EXPECT 2022 CAPITAL EXPENDITURES, INCLUDING PRINCIPAL PAYMENTS ON FINANCE LEASES, TO BE IN THE RANGE OF $30-34 BILLION

  • MAP WAS 3.65 BILLION AS OF JUNE 30, 2022, AN INCREASE OF 4% YEAR-OVER-YEAR

  • DAUS WERE 1.97 BILLION ON AVERAGE FOR JUNE 2022, AN INCREASE OF 3% YEAR-OVER-YEAR

  • MAUS WERE 2.93 BILLION AS OF JUNE 30, 2022, AN INCREASE OF 1% YEAR-OVER-YEAR

  • META PLATFORMS - ABSENT ANY CHANGES TO U.S. TAX LAW, WE EXPECT OUR FULL-YEAR 2022 TAX RATE TO BE ABOVE THE SECOND QUARTER RATE AND IN THE HIGH TEENS

  • Q2 EARNINGS PER SHARE VIEW $2.59, REVENUE VIEW $28.94 BILLION -- REFINITIV IBES DATA

  • Q3 REVENUE VIEW $30.52 BILLION -- REFINITIV IBES DATA

  • IN Q2 OF 2022, AD IMPRESSIONS DELIVERED ACROSS OUR FAMILY OF APPS INCREASED BY 15%

  • HEADCOUNT WAS 83,553 AS OF JUNE 30, 2022, AN INCREASE OF 32% YEAR-OVER-YEAR

  • META - OUTLOOK REFLECTS CONTINUATION OF WEAK ADVERTISING DEMAND ENVIRONMENT CO EXPERIENCED THROUGHOUT Q2

  • META - ALSO ANTICIPATE THIRD QUARTER REALITY LABS REVENUE TO BE LOWER THAN SECOND QUARTER REVENUE

  • META PLATFORMS - EFFECTIVE NOV 1, CURRENT CHIEF FINANCIAL OFFICER DAVID WEHNER WILL TAKE ON A NEW ROLE AS META'S FIRST CHIEF STRATEGY OFFICER

  • META - GUIDANCE ASSUMES FOREIGN CURRENCY WILL BE ABOUT 6% HEADWIND TO YEAR-OVER-YEAR TOTAL REVENUE GROWTH IN THE THIRD QUARTER

  • SUSAN LI, META'S CURRENT VICE PRESIDENT OF FINANCE, WILL BE PROMOTED AND SERVE AS META'S CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:

Further company coverage: META


((Reuters.Briefs@thomsonreuters.com;))