Revenue declined 4.5% year over year and fell 3.8% sequentially. Margins weakened from the previous quarter, indicating ongoing pressure on profitability. Year-over-year earnings remained under pressure, showing that the recovery in profitability is still incomplete.
Revenue pressure continues, indicating softer demand or pricing headwinds.
Margins deteriorated from last quarter, indicating weaker profit conversion.
Investor focus is likely to remain on whether management can restore earnings momentum over coming quarters.
Revenue trend and year-over-year growth across recent reported quarterly periods.
Net income and net margin trend over recent reported quarterly periods.
Meta Platforms, Inc. reported $27.7B in revenue for Q3 2022, down 4.5% YoY and down 3.8% QoQ. The year-over-year decline indicates ongoing pressure on topline performance.
Net income came in at $4.4B, down 52.2% YoY and down 34.3% QoQ. Net margin was 15.9%. Sequential margin deterioration suggests profitability remains under pressure.
Quick factual answers for this report. Need the why behind them? Ask the report assistant.
Meta Platforms, Inc. reported revenue of $27.7B in Q3 2022.
Meta Platforms, Inc. reported net income of $4.4B in Q3 2022.
Meta Platforms, Inc.'s revenue decreased by 4.5% year over year in Q3 2022.
Meta Platforms, Inc.'s net margin was 15.9% in Q3 2022.
Compare this quarter with the previous earnings report.
Explore company profile, industry, and historical context.
View more quarterly financial trend pages for this company.
Financial data is sourced from company filings and internal processed earnings data.
YoY and QoQ values are derived from reported quarterly figures when not directly available.
This page is for informational purposes only and does not constitute investment advice.