Stock spikes after better-than-expected revenue, buyback announcement

Stock spikes after better-than-expected revenue, buyback announcement

Meta (META) reported its Q4 2022 earnings today after the bell, and the Facebook parent beat key revenue expectations and growing losses on its metaverse operation. It also announced a $40 billion stock buyback plan.

Here’s what the key numbers looked like, as compared to analysts’ estimates compiled by Bloomberg.

Q4 Revenue – $32.17 billion actual versus $31.65 billion expected

Advertising Revenue – $31.25 billion actual versus $30.86 billion expected

Adjusted Earnings Per Share (EPS) –…


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