Meta: Third-quarter revenue of $27.7 billion, net profit down 52% year-on-year

Facebook parent company Meta released the company’s unaudited financial report for the third quarter of fiscal 2022 ended September 30. According to the report, Meta’s revenue in the third quarter was US$27.714 billion, down 4% from US$29.010 billion in the same period last year, and excluding the impact of exchange rate changes, it was up 2% year-on-year; net profit was US$4.395 billion, down 52% year-on-year. %; diluted earnings per share were $1.64, down 49% year over year. In terms of cash flow, Meta's free cash flow in the third quarter was $173 million, compared to $9.547 billion in the same period last year. Meta expects the company's fourth-quarter revenue to be between $30 billion and $32.5 billion, and its average also misses analysts' expectations. In September 2022, the average number of daily active users of the Meta service "family" (which includes services such as Meta, Instagram, WhatsApp and Messenger) was 2.93 billion, an increase of 4% compared to the same period last year; as of September 2022 On March 30, the number of monthly active users was 3.71 billion, an increase of 4% compared to the same period last year. In September 2022, the average daily active users of Meta was 1.98 billion, an increase of 3% compared to the same period last year; as of September 30, 2022, the number of monthly active users of Meta was 2.96 billion, compared with the same period last year compared to an increase of 2%. Meta's third-quarter advertising revenue was $27.237 billion, down 4 percent from $28.276 billion in the same period last year, and up 3 percent excluding the impact of currency changes. Meta's third-quarter payments and other services fee revenue was $192 million, compared with $176 million a year earlier. As of September 30, 2022, Meta's total workforce was 87,314, an increase of 28% compared to the same period last year.