Earnings

Meta (FB) Q1 2022 earnings

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Shares of Facebook parent Meta jumped 18% in extended trading on Wednesday after the company reported earnings that topped estimates even as revenue was disappointing.

Here are the results.

  • Earnings per share: $2.72 vs $2.56 expected, according to a Refinitiv survey of analysts
  • Revenue: $27.91 billion vs $28.2 billion expected, according to Refinitiv
  • Daily Active Users (DAUs): 1.96 billion vs 1.95 billion expected, according to StreetAccount
  • Monthly Active Users (MAUs): 2.94 billion vs 2.97 billion expected, according to StreetAccount
  • Average Revenue per User (ARPU): $9.54 vs. $9.50 expected, according to StreetAccount

Meta updated investors for the first time since a brutal fourth-quarter…



Source cnbc.com

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