Meta misses on earnings, revenue dips 0.9% to $28.82B
Facebook parent Meta press release (NASDAQ:META): Q2 GAAP EPS of $2.46  misses by $0.09.
Revenue of $28.82B (-0.9% Y/Y)  misses by $130M.
Shares -5%.
Family daily active people (DAP) â DAP was 2.88 billion on average for June 2022, an increase of 4% year-over-year.
Family monthly active people (MAP) â MAP was 3.65 billion as of June 30, 2022, an increase of 4% year-over-year.
Facebook daily active users (DAUs) â DAUs were 1.97 billion on average for June 2022, an increase of 3% year-over-year.
Facebook monthly active users (MAUs) â MAUs were 2.93 billion as of June 30, 2022, an increase of 1% year-over-year.
Ad impressions and price per ad â In the second quarter of 2022, ad impressions delivered across our Family of Apps increased by 15% year-over-year and the average price per ad decreased by 14% year-over-year.

expect 2022 total expenses to be in the range of $85-88 billion, lowered from our prior outlook of $87-92 billion. We have reduced our hiring and overall expense growth plans this year to account for the more challenging operating environment while continuing to direct resources toward our company priorities.
We expect 2022 capital expenditures, including principal payments on finance leases, to be in the range of $30-34 billion, narrowed from our prior range of $29-34 billion.
Absent any changes to U.S. tax law, we expect our full-year 2022 tax rate to be above the second quarter rate and in the high teens.

Effective November 1, 2022, current Chief Financial Officer David Wehner will take on a new role as Meta's first Chief Strategy Officer, where he will oversee the company's strategy and corporate development. Susan Li, Meta's current Vice President of Finance, will be promoted and serve as Meta's Chief Financial Officer.