Meta's financial results in the first quarter of 2023:
- Revenue: $28,65 billion, up 3% year over year and up 6% year over year on a constant currency basis.
- Pre-tax restructuring expenses: $621 million.
- Revenue from the metaverse division, Reality Labs: US$339 million, but with an operating loss of almost US$4 billion.
- Facebook Daily Active Users (DAUs): Increased 4% year-over-year to 2,04 billion on average in March 2023.
- Household Daily Active Persons (DAP): increase of 5% year-on-year to 3,02 billion on average in March 2023.
- Monthly Active Users (MAUs): Increased 2% YoY to 2,99 billion.
- Ad impressions across the entire app family: 26% increase year-over-year.
The company stated that it expects operating losses at the Metaverse division, Reality Labs, to increase in 2023. Meta also announced that its estimated capital expenditures for 2023 remained unchanged from the previous estimate of $30-33 billion.
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Mark Zuckerberg, CEO of Meta, commented:
“We had a good quarter and our community continues to grow. Our AI work is driving good results in our applications and business. We are also becoming more efficient so that we can build better products faster and put us in a stronger position to deliver our long-term vision.”
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