Meta Reports First Quarter 2022 Results
MENLO PARK, Calif. – April 27, 2022 – Meta Platforms, Inc. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2022.
"We made progress this quarter across a number of key company priorities and we remain confident in the long‑term opportunities and growth that our product roadmap will unlock," said Mark Zuckerberg, Meta founder and CEO. "More people use our services today than ever before, and I'm proud of how our products are serving people around the world."
First Quarter 2022 Financial Highlights
|Three Months Ended March 31,||Year-over-Year % Change|
|In millions, except percentages and per share amounts||2022||2021|
|Total revenue||$||27,908 ||$||26,171 ||7%|
|Total costs and expenses||19,384 ||14,793 ||31%|
|Income from operations||$||8,524 ||$||11,378 ||(25)%|
|Operating margin||31 ||%||43 ||%|
|Provision for income taxes||$||1,443 ||$||2,006 ||(28)%|
|Effective tax rate ||16 ||%||17 ||%|
|Net income||$||7,465 ||$||9,497 ||(21)%|
|Diluted earnings per share (EPS)||$||2.72 ||$||3.30 ||(18)%|
First Quarter 2022 Operational and Other Financial Highlights
•Family daily active people (DAP) – DAP was 2.87 billion on average for March 2022, an increase of 6% year-over-year.
•Family monthly active people (MAP) – MAP was 3.64 billion as of March 31, 2022, an increase of 6% year-over-year.
•Facebook daily active users (DAUs) – DAUs were 1.96 billion on average for March 2022, an increase of 4% year-over-year.
•Facebook monthly active users (MAUs) – MAUs were 2.94 billion as of March 31, 2022, an increase of 3% year-over-year.
•Ad impressions and price per ad – In the first quarter of 2022, ad impressions delivered across our Family of Apps increased by 15% year-over-year and the average price per ad decreased by 8% year-over-year.
•Capital expenditures – Capital expenditures, including principal payments on finance leases, were $5.55 billion for the first quarter of 2022.
•Share repurchases – We repurchased $9.39 billion of our Class A common stock in the first quarter of 2022. As of March 31, 2022, we had $29.41 billion available and authorized for repurchases.
•Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $43.89 billion as of March 31, 2022.
•Headcount – Headcount was 77,805 as of March 31, 2022, an increase of 28% year-over-year.
The following information was filed by Meta Platforms, Inc (META) on Wednesday, April 27, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.