Shares in Meta Platforms, the parent company of Facebook, rose after the market closed on Wednesday (27), after the company reported numbers of daily active users above Wall Street’s estimates, despite the company having seen the fastest growth. revenue slow in a decade.
Shares of the social media giant are up 15% in expanded trading after publication
Earnings beat Wall Street expectations at $2.72 a share, compared with a market consensus of $2.56 a share, according to Refinitiv data.
Daily active users, an important metric for advertisers that indicates the level of activity on Facebook, totaled 1.96 billion, just above the market’s estimate of 1.95 billion, according to Refinitiv data. Active monthly users reached 2.94 billion, 30 million below Wall Street’s average expectation.
Meta has lost about half its market value since the start of the year, after announcing a lower-than-expected result in daily active user numbers in February. The company also made a downbeat forecast for the quarter, citing factors that included changes to Apple’s user privacy protection systems and increased competition from other platforms such as TikTok.
In the most recent results, Meta predicted second quarter revenue of between US$ 28 billion and US$ 30 billion (R$ 140 billion and R$ 150.5 billion). Analysts, on average, expected revenue of US$ 30.6 billion (R$ 153.5 billion).
Total revenue, which includes advertising revenue, rose 7% to $27.91 billion in the first quarter, falling short of analysts’ forecast of $28.2 billion. .4 billion), also according to Refinitiv data.
Net income fell 21% to US$7.47 billion (R$37.47 billion) in the first quarter, but was above the average market forecast of US$7.15 billion (R$35.86 billion).
The company lowered the expectation on total expenses in 2022, to between US$ 87 billion and US$ 92 billion (R$ 436 billion and R$ 461 billion), below the previous scenario of US$ 90 billion to US$ 95 billion (R$ 90 billion). $451 billion and R$476 billion).
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