Meta Platforms' Q3: The Bad, The Ugly And The Disaster

Oct. 27, 2022 8:47 AM ETMeta Platforms, Inc. (META)22 Comments
The Asian Investor profile picture
The Asian Investor
17.18K Followers

Summary

  • Meta Platforms’ Q3’22 earnings sheet sent shares lower 20% after regular trading yesterday.
  • The social media company missed big on earnings. Free cash flow declined at a scary rate.
  • Guidance for Q4’22 is a disaster.

Facebook Parent Company Meta To Report Quarterly Earnings

Justin Sullivan

Meta Platforms (NASDAQ:META) submitted its earnings scorecard for the third-quarter yesterday… and it sent shares of the social media company cratering. Meta Platforms' shares dropped a massive 20% after regular trading which indicates how disappointed investors were with the company's

Seeking Alpha: META Q3'22 Earnings Results

Seeking Alpha: META Q3'22 Earnings Results

Meta Platforms: Revenue Trend

Meta Platforms: Revenue Trend

Meta Platforms: Daily Active User Trend

Meta Platforms: Daily Active User Trend

Chart
Data by YCharts

This article was written by

The Asian Investor profile picture
17.18K Followers
I look for high-risk, high-reward situations. Five largest portfolio holdings: AMD, Micron, Alibaba, Ethereum, PayPal. Early buyer of cryptocurrencies. I live in Thailand :)

Disclosure: I/we have a beneficial long position in the shares of GOOG, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (22)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.