META) share price

2022 - 10 - 27

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Image courtesy of "Markets Insider"

Meta stock price: Shares tank 20% on earnings miss, revenue worries (Markets Insider)

Meta's metaverse-related Reality Labs lost $3.7 billion in the third quarter, taking losses this year to $9 billion, and a digital ads slowdown is hitting ...

That takes its total losses this year to $9 billion, and to almost $20 billion since the start of 2021. Google parent Alphabet's shares tumbled 9.6% Wednesday after its quarterly earnings report, as analysts warned that a decline in its YouTube and Google Network revenue pointed to more pain ahead. Its revenue for the quarter came in at $27.71 billion, compared with a $27.38 billion target, as sales dropped by 4%. That drop significantly outpaces the benchmark Shares in Meta were 20% lower at $103.79 at last check in premarket trading. It also reported billions of dollars of losses for its metaverse-linked Reality Labs unit, an investment that has come under fire from analysts.

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Image courtesy of "INDmoney"

Facebook (META) Q3 earnings: Meta quarterly results 2022 review (INDmoney)

Meta Q3 Results 2022: Meta stock plunged after it posted weak quarterly earnings. Check out Facebook quarterly results 2022, Meta q3 expenses and Facebook ...

Facebook quarterly results Analysts View: Analysts were not impressed with Meta’s quarterly numbers and have lowered its target share price. The highest target price is $466, and the lowest is $150. It expects 2022 total expenses to be in the range of $85-87 billion, updated from a prior outlook of $85-88 billion. Daily Active Users (DAUs) on Facebook were slightly higher in the third quarter compared to the previous quarter's DAUs of 1.97 billion. Meta quarterly results Future Guidance: The company expects fourth-quarter 2022 total revenue to be in the range of $30-32.5 billion. [Meta share price](https://www.indmoney.com/us-stocks/META/meta-platforms-inc) crashed to open 24% lower on Thursday. This includes an impairment loss of $413 million for certain operating leases. Facebook Q3 Earnings 2022: Facebook posted a net income of $4,4 billion, down 52% on year, missing analysts' estimates. As of September 30, 2022, it had $17.78 billion available and authorized for repurchases. Meta’s Reality Labs unit had an operating loss of $3.67 billion in the third quarter, compared with a loss of $2.63 billion a year earlier. Source: Facebook (Meta) Q3 presentation Slowdown in online ad spending, challenges from Apple’s iOS privacy update and increased competition from TikTok impacted its revenue and earnings.

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