Meta announced its balance sheet for the period October-December 2022.
Accordingly, the revenue of the company in the 4th quarter of last year decreased by 4 percent compared to the same period of the previous year and decreased to 32.2 billion dollars. Meta had revenue of $33.7 billion in the fourth quarter of 2021.
Despite the decline in the company’s revenue during this period, it surpassed market expectations of $31.5 billion.
Meta’s revenue, on the other hand, decreased by 1% compared to the previous year and decreased to 116.6 billion dollars in 2022.
The company’s profit fell 55 percent in the last quarter of last year
Meta’s net profit also fell 55 percent in the fourth quarter of last year to $4.7 billion. The company announced a profit of $ 10.3 billion in the last quarter of 2021.
The net profit of the US technology company in 2022 decreased by 41% compared to the previous year and decreased to 23.2 billion dollars.
The company’s earnings per share, which was $3.67 in the fourth quarter of 2021, also fell to $1.76 in the same period last year.
Increase in the number of Facebook users
The number of daily and monthly active users of Facebook under the umbrella of Meta continued to increase in this period.
The number of daily active users of Facebook increased by 4 percent on an annual basis as of December last year, reaching 2 billion. The number of monthly active users of the social networking site increased by 2 percent to 2.96 billion in the same period.
Meta CEO Mark Zuckerberg, whose views are included in the statement, stated that he is pleased with the strong interaction in the company’s applications.
Pointing out that this year’s management theme is “productivity year”, Zuckerberg stated that they focus on being a stronger and agile organization.
On the other hand, in the statement made by Meta, it was noted that the share repurchase authority was increased by $ 40 billion.