Meta Platforms Inc (META)
Sector • Technology Industry • Internet Services & Social Media |
Industry • Internet Services & Social Media |
Sector • Technology |
Slight -4.467 %, Revenues slide at the company in the financial time-frame closing Sep 30 2022
META recorded fourth quarter of 2022 operating profit of $6398 millions
Published Mar 22 2023
Goran Soko / CSIMarket.com Contributer

Revenues contracted by -4.467 % to $27.71 billions from $29.01 billions in the similar financial reporting period a year ago and sequentially Revenue decreased by -3.844 % from $28.82 billions.
Net earnings of $4,395.000 millions in the fiscal time-frame ending September 30 2022 fell by -52.2 % from $9,194.000 millions in the corresponding period a year before. Looking further into fiscal time-frame ending September 30 2022 Meta Platforms Inc 's profitability, operating margin mitigated to 20.44%, and net margin shrank to 15.86%.
Operating earnings, fell -45.66% to $5664 millions, squeezing Meta Platforms Inc 's operating margin to 20.44%, from 35.93% in the third quarter of 2021.
Meta Platforms Inc is expected to report next financial results on July 26, 2023.