Meta Is Soaring (NASDAQ:META)

Meta Is Soaring (NASDAQ:META)

Updated: 1 month, 28 days, 12 hours, 28 minutes, 2 seconds ago
Bull and bear market


Article Thesis

Meta Platforms (NASDAQ:META) reported its fourth quarter earnings results on Wednesday afternoon. The company showcased a hefty earnings decline, but that was expected. Overall, there were some positives as well as negatives in the quarter, which we'll dive into in this article.

META results

Seeking Alpha


Headcount was 86,482 as of December 31, 2022, an increase of 20% year-over-year. Our reported headcount includes a substantial majority of the approximately 11,000 employees impacted by the layoff we announced in November 2022, who will no longer be reflected in our headcount by the end of the first quarter of 2023.

We anticipate our full-year 2023 total expenses will be in the range of $89-95 billion, lowered from our prior outlook of $94-100 billion due to slower anticipated growth in payroll expenses and cost of revenue.