Meta Platforms Reports Strong Q4 Results
Meta Platforms, Inc. (NASDAQ: META) reported a 24% year-over-year revenue increase to $59.9 billion for Q4 2022, surpassing analyst expectations of $58.6 billion. Adjusted earnings per share rose by 11% to $8.88, exceeding forecasts of $8.23. Advertising revenue also experienced a substantial 24% increase, totaling $58.1 billion.
Looking ahead, Meta projects Q1 2023 revenue between $53.5 billion and $56.5 billion, indicating a 26% to 34% growth from the previous year. The company has increased its capital expenditures to a range of $115 billion to $135 billion for 2026, up from $72.2 billion in 2025, focusing on artificial intelligence initiatives. Despite continuing losses in its Reality Labs division, which reported a $6 billion loss, Meta’s user base grew 7% year-over-year, reaching 3.58 billion daily active users.
