EI Earnings Insight Lab
Meta Platforms, Inc.

Meta Platforms, Inc. Q3 2022 Earnings Analysis

Reported on 2022-10-27 / Fiscal Quarter Q3 2022
Revenue Down YoY Margin Under Pressure EPS Below Prior Year Weak Quarter
Meta Platforms, Inc. faced a challenging Q3 2022, with pressure on both growth and profitability.

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.

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Source: Company filings / processed earnings data
Revenue
$27.7B
YoY: -4.4674%
QoQ: -3.8443%
Net Income
$4.4B
YoY: -52.1971%
QoQ: -34.28%
EPS (Diluted)
$1.64
YoY: -49.07%
Net Margin
15.9%
YoY: -15.83 pts
QoQ: -7.34 pts
Gross Margin
79.4%
Operating Margin
20.4%
Growth

Revenue trend

Revenue pressure continues, indicating softer demand or pricing headwinds.

Profitability

Margin and earnings quality

Margins deteriorated from last quarter, indicating weaker profit conversion.

Investor Focus

What matters next

Investor focus is likely to remain on whether management can restore earnings momentum over coming quarters.

Revenue & YoY Growth

Quarterly

Revenue trend and year-over-year growth across recent reported quarterly periods.

Net Income & Net Margin

Quarterly

Net income and net margin trend over recent reported quarterly periods.

Revenue Analysis

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.

Revenue Snapshot
Current Quarter $27.7B
Previous Quarter $28.8B
Same Quarter Last Year $29.0B
YoY Change -4.5%
QoQ Change -3.8%

Profitability Analysis

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.

Profitability Snapshot
Net Income $4.4B
EPS $1.64
Net Margin 15.9%
QoQ Margin Change -7.3 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was Meta Platforms, Inc.'s revenue in Q3 2022?

Meta Platforms, Inc. reported revenue of $27.7B in Q3 2022.

What was Meta Platforms, Inc.'s net income in Q3 2022?

Meta Platforms, Inc. reported net income of $4.4B in Q3 2022.

How did Meta Platforms, Inc.'s revenue change year over year?

Meta Platforms, Inc.'s revenue decreased by 4.5% year over year in Q3 2022.

What was Meta Platforms, Inc.'s net margin in Q3 2022?

Meta Platforms, Inc.'s net margin was 15.9% in Q3 2022.

Related
Meta Platforms, Inc. Q2 2022 Earnings

Compare this quarter with the previous earnings report.

Related
Meta Platforms, Inc. Company Overview

Explore company profile, industry, and historical context.

Related
Meta Platforms, Inc. Revenue & Profit Trends

View more quarterly financial trend pages for this company.

Data Source & Methodology

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.

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