Meta Platforms Inc   (META)

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

internet-1181586_960_720For the fiscal time-frame ending September 30 2022 company income per share plummeted by -49.07 % of $1.64 per share compare to $3.22 a year ago and income faded by -33.33 % from $2.46 per share from the prior financial reporting period.

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.

Meta Platforms Inc's Capital Expenditures Growth

Meta Platforms Inc's Receivables Turnover Ratio


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