Shares of Meta, the company he owns Facebook, WhatsApp and Instagram, They began losing a quarter of their value in the first moments of trading on Wall Street this Thursday, after the Mark Zuckerberg-led multinational presented its third-quarter accounts, warning of the challenges they’ll face in the short term. are sources of income.
Specifically, Meta’s shares fell as low as $97.36, It is 25% below the price marked at the close of yesterday’s session and more than 70% less than at the start of 2022. This is the first time the company’s shares have traded below the $100 threshold since 2016, trading well below the September 2021 high of just over $384.
Meta reported that it achieved yesterday Net profit of 4,395 million dollars (4.433 million euros) in the third quarter, which represents a 52.2% decrease from the result recorded in the same period last year.
Meta’s total revenue between July and September was $27,714 million. (27,956 million euros), 4.5% less than the previous year, while the company’s expenses and costs rose 19% to $22,050 million (22,242 million euros).
In Septemberdaily active users (DAU) increased by 3% annually to 1.98 billion, The number of monthly active users (MAU) increased by 2% to 2.96 billion.
Thus, in the first nine months of 2022, Meta posted a net profit of $18,547 million (18,709 million euro), 36.2% less than the previous year.
Income The company added $84,444 million (€85,181 million) through September, 0.2% morecosts and expenses rose 23.6% to $61,899 million (62,439 million euros).
Same way, Multinational company, augmented and virtual reality division, Reality Labs, responsible for developing Metaverse, decreased revenue by 48.9% in the third quarter to $285 million (€287 million), for a nine-month total of $1,433 million (€1,445 million), 2.6%. more.
registered partition third quarter operating loss of $3,672 million (euro 3,704 million), 39.6% more, thus raising the ‘red numbers’ to $9,438 million (€9,520 million) through September, 37% more.
“Although we face short-term revenue challenges, there are grounds for returning to stronger revenue growth.” He recognized Mark Zuckerberg in the presentation of the company’s accounts and added that the company will focus on efficiency in 2023.
On his side, Meta’s chief financial officer, David Wehner estimated fourth-quarter revenues to range between $30,000 and $32,500 million (€30,262 and €32,784 million).
Same way, The company expects to generate an annual cost of between $85,000 and $87,000 million (85,742 and 87,759 million euros).Including an impact of approximately $900 million (€908 million) in surcharges in the fourth quarter due to the consolidation of offices.