Meta Reports Fourth Quarter and Full Year 2022 Results
Numbers:<p>- Q4 add revenue of $31B Est of $30B<p>- $40B share bye back, far better than spending on the meta verse and an admission growth is over<p>- note to above, check out their existing cash on hand<p>- VR lost $4.2B, come on guys on revenue of $700M, again, come on guys get someone who knows what they are doing running this area<p>- 86,500 employees, I&#x27;m guessing alot of these are in recruitment, content moderation, etc<p>- laid off&#x2F;fired 13% of workforce so far this running year<p>- daily users of more than 2B, wow, growth of 5% yoy, that is good<p>- shares up 15% probably alot to do with the Fed and tax loss selling holding period being over, so people putting this trade back on<p>- Total restructuring charges recorded under our FoA segment were $3.76 billion and RL segment were $440 million during the fourth quarter of 202 (FOA is family of applications and RL is reality lab).  not sure what those charges are for, look into this.<p>- on adds, from Bloomberg reporting &quot;Ad impressions increased by 18% while average price per ad decreased by 16% for 2022.&quot;<p>- So the add number they can game went up and the one affected by market force went down.<p>Thoughts:<p>- attempting to come back form Q2 and Q3 yoy decrease in revenue<p>- watch ad revenue, snap was down on large ad revenue declines.  FB should be the same given they are in the same ad markets<p>- how often is tiktok mentioned by FB, or will they continue to pretend they have no competitors?<p>- Fed announced a small rate hike that the market loved so FB could rip if they perform even moderately well<p>- as always check out what shares of SNAP, Pinterest and GOOG do on Meta results, especially if add revenue is up, well maybe not SNAP as the market has given up on that company, GOOG and PINS are up, heck so is SNAP<p>- one other thing to watch closely is what Susan Li, the CFO says in the call, like what google did with Ruth Porat, they hired a numbers person to be the &quot;adult&quot; in the room to cut costs where possible.<p>Will the CFO talk about cutting costs or growign the company.<p>* note* I guess a huge $40B buy back indicates that FB&#x27;s growth is over and Mark is capitulating to wall street here by handign back cash, rather than burning it on VR