Trending Assets
Top investors this month
Trending Assets
Top investors this month
$19.1MFollowers
Meta $META Q1 2023 Earnings Insigts
- Number of Family daily active people (DAP) and monthly active people (MAP) increased by 5% YoY, indicating continued growth in the user base.
- Ad impressions have increased by 26% YoY, while the average price per ad has decreased by 17% YoY. While the company is delivering more ad impressions, it is charging advertisers less for them.
- Continued restructuring efforts - Incurred pre-tax restructuring charges of $621 million in Q1 2023. Also announced further layoffs in March 2023, with the aim of reducing its company size by approximately 10,000.
- Largest Free Cash Flow in 4 quarters - This is big as it shows that the cost cutting measures are already bearing fruit.
- Guidance - Revenue: Q2 2023 revenue to be in the range of $29.5-32 billion. FY 2023 total expenses in the range of $86-90 billion, which is an update from its prior outlook provided in March. Includes $3-5 billion of restructuring costs.
Reels eating TikTok's lunch, WhatsApp growing over 40% in monetization, users still growing, engagement going higher. Zuck firing on all cylinders.
@rihardjarc Reels has been a huge success. Despite the growth in WA monetization, the app is still severely under monetized. Plenty of room for growth
@wolfofharcourt I agree. Engagement way up because of Reels. When all is over TikTok might have actually made $META better with a product that is more addictive and has higher engagement.
Higher free cash flow great to see. Confirms that Meta overhired in 2020. Going back to that baseline. Metavserse still a long ways out.
Already have an account?