Meta Platforms Tumbled Over 21% in Premarket Trading after Its Earnings Dropped More Than Forecast in Q4

Tiger Newspress2022-02-03

Meta platforms tumbled over 21% in premarket trading after its earnings dropped more than forecast in Q4.

Revenue was $33.67 billion for the quarter ended Dec. 31, up from $28.07 million a year earlier. Analysts surveyed by Capital IQ expected $33.44 billion.

Daily active users were 1.93 billion on average for December, up 5% year-over-year.

In Q4, ad impressions delivered across the company's family of apps increased by 13%, and the average price per ad increased by 6%.

The company expects Q1 2022 revenue will be in the range of $27 billion to $29 billion, a growth of 3% to 11%. Analysts polled by Capital IQ expected $30.27 billion. Headwinds to impression and price growth will undermine sales in Q1.

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Comments

angelo0908
2022-02-04
angelo0908
What is happening?
Tanyl
2022-02-03
Tanyl
Do some buy call for FB
Lcheryl
2022-02-03
Lcheryl
😭
Benjean
2022-02-03
Benjean
Worrying....fear selling
Eded
2022-02-03
Eded
Maybe the ceo can rename another time to changethe fortune , just like how he renamed to meta from Facebook
vaztan
2022-02-03
vaztan
Don't listen too much to the so called expert analyst. If they know they will be like Warren Buffett already.

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If they know they will be like Warren Buffett already.&nbsp;","listText":"Don't listen too much to the so called expert analyst. If they know they will be like Warren Buffett already.&nbsp;","text":"Don't listen too much to the so called expert analyst. If they know they will be like Warren Buffett already.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091275252","repostId":1119759019,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":128,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1119759019"}