Meta Platforms Inc Stock Price, News & Analysis

Meta Platforms reported Q3 2022 financial results, showing a 4% revenue decline year-over-year at $27.71 billion. Operating income dropped 46% to $5.66 billion, with a net income of $4.39 billion, reflecting a 52% decrease year-over-year. Despite challenges, user engagement grew, with 2.93 billion daily active users. Meta expects Q4 revenue between $30-32.5 billion, while projecting 2023 total expenses of $96-101 billion, including significant costs related to office consolidation. The company aims to enhance efficiency and prioritize growth.

Meta Platforms, Inc. (NASDAQ: META) will release its third quarter 2022 financial results on October 26, 2022, after market close. A conference call to discuss the results will take place at 2 p.m. PT / 5 p.m. ET on the same day. Investors can access the live webcast and relevant documents on the Meta Investor Relations website. Transcripts will also be available post-call. Meta aims to continue building technologies that facilitate connections and community growth across various platforms.

Irvin Simon Photographers is auctioning a rare, autographed baseball card and NFT of Mark Zuckerberg, captured when he was eight years old. This unique memorabilia is part of a once-in-a-lifetime auction hosted by ComicConnect and showcases Zuckerberg's childhood at Elmwood Camp in Westchester County, New York. The auction begins on September 24, 2022. This remarkable piece not only represents Zuckerberg's early days but also highlights the enduring value of childhood portraits.

The Energy Storage Solutions Consortium, including Meta, REsurety, and Broad Reach Power, has been established to develop a groundbreaking methodology for quantifying the greenhouse gas emissions benefits of grid-connected energy storage technologies. The consortium aims to create an open-source, third-party-verified standard to measure these benefits, enhancing efforts toward net zero emissions. Once approved by Verra, this standard will guide energy storage deployment to maximize emissions reduction, facilitating the transition to a carbon-free grid.

T-Mobile (NASDAQ: TMUS) has launched a new initiative aimed at supporting small businesses by providing them with free marketing tools. In partnership with Canva and Meta (NASDAQ: META), eligible small business customers will receive Canva Pro for six months, along with $200 in advertising credits for Facebook and Instagram. The initiative addresses the challenges faced by small businesses, particularly in marketing, amid labor shortages and inflation. This offer is available to new and existing customers on select business plans through the end of the year.

Meta Platforms (Nasdaq: META) reported Q2 2022 financial results with total revenue of $28.82 billion, slightly down from $29.08 billion in Q2 2021. The company experienced a 22% rise in costs, leading to a 36% drop in net income to $6.69 billion and a diluted EPS of $2.46, down 32% year-over-year. Daily active users across Meta's platforms increased to 2.88 billion, with a 15% rise in ad impressions. However, the company anticipates weaker Q3 revenues between $26-28.5 billion, citing ongoing macroeconomic challenges. CFO David Wehner transitions to Chief Strategy Officer, with Susan Li promoted to CFO.

Meta Platforms, Inc. (NASDAQ: META) will release its second quarter 2022 financial results after market close on July 27, 2022. A conference call discussing these results is scheduled for 2 p.m. PT / 5 p.m. ET on the same day. Investors can access the live webcast and obtain additional materials via the Meta Investor Relations website. Following the call, a replay will be available for one week. This announcement highlights Meta's ongoing commitment to transparency and investor engagement.