Meta Platforms: Still Healing


  • Meta Platforms, Inc. reported a surprisingly upbeat quarter with Q4 2022 numbers surging past estimates.
  • The social media company continues to heal by reining in wild expense growth, though Reality Labs still lost $4.2 billion in the quarter.
  • The tech giant trades closer to ~15x updated ’23 EPS targets with eventual upside from reductions in Reality Labs spending.

Facebook Parent Company Meta To Report Quarterly Earnings

Justin Sullivan

After the close, Meta Platforms, Inc. (NASDAQ:META) shocked the market with a big revenue beat and more cuts to spending. The social media giant continues to build the business, leading to META stock rocketing off

Finviz Chart

Source: Finviz

Price feed

Source: Seeking Alpha

Restructuring charges table

Source: Meta Platforms Q4’22 earnings release

Segment financials table

Source: Meta Platforms Q4’22 earnings release

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.

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