Meta Q4 2022 earnings call TLDR

1 year, 9 months ago

During Meta's fourth quarter and full-year 2022 earnings call, CEO Mark Zuckerberg outlined the company's priorities, including AI, ads, business messaging, and the metaverse. The Year of Efficiency is Zuckerberg's management theme for 2023, focused on executing these priorities, building better products, and becoming more profitable. Despite weak advertising demand, the company generated $32.2 billion in Q4 revenue, reaching 2 billion daily active users and 3.74 billion monthly active users overall. Reality Labs expenses were up due to restructuring and infrastructure-related costs, resulting in an operating loss, and the company plans to scale monetization and improve operational efficiency. Meta expects continued engagement growth and performance improvements in Q1.