Meta Platforms Full Year 2022 Earnings: EPS Misses Expectations
Meta Platforms (NASDAQ:META) Full Year 2022 Results
Key Financial Results
Revenue: US$116.6b (down 1.1% from FY 2021).
Net income: US$23.2b (down 41% from FY 2021).
Profit margin: 20% (down from 33% in FY 2021). The decrease in margin was primarily driven by higher expenses.
EPS: US$8.63 (down from US$13.99 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Meta Platforms EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.5%.
Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Interactive Media and Services industry in the US.
Performance of the American Interactive Media and Services industry.
The company's shares are up 25% from a week ago.
It is worth noting though that we have found 2 warning signs for Meta Platforms that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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