Meta Reports Q4 and Full Year 2022

[engine]

Meta has just published its earning in Q4, 2022 and year end results.

Its Q4 revenue was down 4% YoY to $32.1B, with net income down 49% YoY to $6.4B.

The year end revenue was down 1% to $116.9B and income down 38% to $28.9B.

Notable is the ad impression up 23% YoY, but average price per ad was down 22%.

"Our community continues to grow and I'm pleased with the strong engagement across our apps. Facebook just reached the milestone of 2 billion daily actives," said Mark Zuckerberg, Meta founder and CEO. "The progress we're making on our AI discovery engine and Reels are major drivers of this. Beyond this, our management theme for 2023 is the 'Year of Efficiency' and we're focused on becoming a stronger and more nimble organization."

Full details in its release [investor.fb.com...]

Previous Meta Reports Q3 2022 Results [webmasterworld.com]