Meta Platforms GAAP EPS of $2.20 beats by $0.23, revenue of $28.65B beats by $990M
Meta Platforms press release (NASDAQ:META): Q1 GAAP EPS of $2.20  beats by $0.23.
Revenue of $28.65B (+2.7% Y/Y)  beats by $990M.
Shares +8%.
Family daily active people (DAP) â DAP was 3.02 billion on average for March 2023, an increase of 5% year-over-year.
Family monthly active people (MAP) â MAP was 3.81 billion as of March 31, 2023, an increase of 5% year-over-year.
Facebook daily active users (DAUs) â DAUs were 2.04 billion on average for March 2023, an increase of 4% year-over-year.
Facebook monthly active users (MAUs) â MAUs were 2.99 billion as of March 31, 2023, an increase of 2% year-over-year.
Ad impressions and price per ad â In the first quarter of 2023, ad impressions delivered across our Family of Apps increased by 26% year-over-year and the average price per ad decreased by 17% year-over-year.

We expect second quarter 2023 total revenue to be in the range of $29.5-32 billion vs. $29.47B consensus. Our guidance assumes foreign currency headwinds will be less than 1% to year-over-year total revenue growth in the second quarter, based on current exchange rates.
We anticipate our full-year 2023 total expenses will be in the range of $86-90 billion, updated from our prior outlook provided in March. This outlook includes $3-5 billion of restructuring costs related to facilities consolidation charges and severance and other personnel costs. We continue to expect Reality Labs operating losses to increase year-over-year in 2023.
We expect capital expenditures to be in the range of $30-33 billion, unchanged from our prior estimate. This outlook reflects our ongoing build out of AI capacity to support ads, Feed and Reels, along with an increased investment in capacity for our generative AI initiatives.