Meta Platforms GAAP EPS of $3.67 misses by $0.16, revenue of $33.67B beats by $230M
Meta Platforms press release
(NASDAQ:FB): Q4 GAAP EPS of $3.67  misses by $0.16.
Revenue of $33.67B (+20.0% Y/Y)  beats by $230M.
Shares -13%.
DAP was 2.82 billion on average for December 2021, an increase of 8% year-over-year.
MAP was 3.59 billion as of December 31, 2021, an increase of 9% year-over-year.

DAUs were 1.93 billion on average for December 2021, an increase of 5% year-over-year.
MAUs were 2.91 billion as of December 31, 2021, an increase of 4% year-over-year.
FY22 Guidance: We expect 2022 total expenses to be in the range of $90-95 billion, updated from our prior outlook of $91-97 billion.
We expect 2022 capital expenditures, including principal payments on finance leases, to be in the range of $29-34 billion
We expect first quarter 2022 total revenue to be in the range of $27-29 billion, which represents 3-11% year-over-year growth vs. $30.27B consensus.
On the impressions side, we expect continued headwinds from both increased competition for people's time and a shift of engagement within our apps towards video surfaces like Reels, which monetize at lower rates than Feed and Stories.