Meta Reports First Quarter 2022 Results

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Go back to Meta Reports First Quarter 2022 Results

Meta Platforms Inc. (FB) PT Lowered to $290 at Susquehanna

April 28, 2022 6:40 AM EDT

Susquehanna analyst Shyam Patil lowered the price target on Meta Platforms Inc. (NASDAQ: FB) to $290.00 (from $375.00) while maintaining a Positive rating following results which were better than feared.

The analyst commented, "The results and outlook were generally better than feared given the choppy... More

Meta Platforms (FB) Tops Q1 EPS by 16c, Revenue Guidances Misses Consensus

April 27, 2022 4:07 PM EDT

Meta Platforms (NASDAQ: FB) reported Q1 EPS of $2.72, $0.16 better than the analyst estimate of $2.56. Revenue for the quarter came in at $27.91 billion versus the consensus estimate of $28.2 billion.

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%... More