Slide 1: Meta Earnings Presentation Q4 2022
Meta Earnings Presentation Q4 2022 investor.fb.com
Slide 2: Advertising Revenue by User Geography
Advertising Revenue by User Geography In Millions $32,639 $31,254 $3,220 $28,580 $28,276 $28,152 $3,377 $27,187 $26,998 $27,237 $25,439 $2,857 $2,963 $3,169 $2,512 $6,183 $3,047 $2,949 $5,968 $2,434 $5,152 $5,398 $4,703 $5,835 $4,735 $5,661 $5,717 $8,174 $6,904 $6,822 $7,205 $6,821 $6,360 $5,707 $6,
Slide 3: Revenue by User Geography
Revenue by User Geography In Millions $33,671 $32,165 $3,244 $29,077 $29,010 $28,822 $3,429 $28,072 $27,908 $27,714 $26,171 $2,879 $2,981 $6,244 $3,213 $2,534 $2,992 $3,100 $6,050 $2,454 $4,793 $5,190 $5,461 $5,759 $5,908 $4,789 $5,782 $8,357 $7,050 $7,011 $7,270 $6,955 $6,486 $6,452 $5,797 $6,523 R
Slide 4: Segment Results
Segment Results In Millions Q4’20 Q1’21 Q2’21 Q3’21 Q4’21 Q1’22 Q2’22 Q3’22 Q4’22 Advertising $ 27,187 $ 25,439 $ 28,580 $ 28,276 $ 32,639 $ 26,998 $ 28,152 $ 27,237 $ 31,254 Other 168 198 192 176 155 215 218 192 184 Family of Apps 27,355 25,637 28,772 28,452 32,794 27,213 28,370 27,429 31,438 Reven
Slide 5: Expenses as a Percentage of Revenue
Expenses as a Percentage of Revenue 12% 10% 8% 10% 14% 14% 10% 10% 7% 12% 6% 6% 12% 12% 13% 12% 11% 11% 30% 28% 33% 30% 20% 22% General & 19% 21% 21% Administrative Marketing & Sales 26% Research & 19% 20% 19% 20% 19% 22% 21% 18% Development Cost of Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4
Slide 6: Effective Tax Rate
Effective Tax Rate In Millions, Except for Percentages Q4’20 Q1’21 Q2’21 Q3’21 Q4’21 Q1’22 Q2’22 Q3’22 Q4’22 Income before provision $ 13,055 $ 11,503 $ 12,513 $ 10,565 $ 12,702 $ 8,908 $ 8,186 $ 5,576 $ 6,149 for income taxes Provision for income taxes 1,836 2,006 2,119 1,371 2,417 1,443 1,499 1,18
Slide 7: Net Income
Net Income In Millions $11,219 $10,394 $10,285 $9,497 $9,194 $7,465 $6,687 $4,395 $4,652 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 7
Slide 8: Diluted Earnings Per Share
Diluted Earnings Per Share $3.88 $3.61 $3.67 $3.30 $3.22 $2.72 $2.46 $1.76 $1.64 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 8
Slide 9: Capital Expenditures
Capital Expenditures In Millions $32,036 $19,244 $9,223 $5,542 Q4'21 Q4'22 2021 2022 Quarterly Annual Capital expenditures for periods presented were related to purchases of property and equipment, net and principal payments on finance leases. 9
Slide 10: Family Daily Active People (DAP)
Family Daily Active People (DAP) In Billions 2.87 2.88 2.93 2.96 2.81 2.82 2.72 2.76 2.60 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 DAP/MAP Q4’20 Q1’21 Q2’21 Q3’21 Q4’21 Q1’22 Q2’22 Q3’22 Q4’22 79% 79% 79% 78% 79% 79% 79% 79% 79% We define a daily active person (DAP) as a registered and
Slide 11: Family Monthly Active People (MAP)
Family Monthly Active People (MAP) In Billions 3.71 3.74 3.58 3.59 3.64 3.65 3.45 3.51 3.30 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 We define a monthly active person (MAP) as a registered and logged-in user of one or more Family products who visited at least one of these Family product
Slide 12: Family Average Revenue per Person (ARPP)
Family Average Revenue per Person (ARPP) $9.39 $8.62 $8.63 $8.36 $8.18 $7.75 $7.72 $7.91 $7.53 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 We define average revenue per person (ARPP) as our total revenue during a given quarter, divided by the average of the number of MAP at the beginning a
Slide 13: Facebook Daily Active Users (DAUs)
Facebook Daily Active Users (DAUs) In Millions 1,930 1,929 1,960 1,968 1,984 2,000 1,845 1,878 1,908 629 631 638 643 613 618 622 619 598 760 788 805 806 827 836 845 854 744 Rest of World Asia-Pacific 308 309 307 308 309 307 303 303 304 Europe 195 195 195 196 195 196 197 197 199 US & Canada Q4'20 Q1'
Slide 14: Facebook Monthly Active Users (MAUs)
Facebook Monthly Active Users (MAUs) In Millions 2,895 2,910 2,912 2,936 2,934 2,958 2,963 2,797 2,853 951 949 945 957 959 971 979 921 940 1,199 1,230 1,265 1,278 1,278 1,297 1,305 1,312 1,312 Rest of World Asia-Pacific 419 423 420 423 427 418 407 408 407 Europe 258 259 259 261 262 263 264 266 266 U
Slide 15: Facebook Average Revenue per User (ARPU)
Facebook Average Revenue per User (ARPU) $60.57 $58.77 $48.29 $50.25 $49.13 $19.68 $11.57 $10.86 $17.29 $9.82 $15.35 $15.64 $14.23 $9.54 $9.41 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Worldwide US & Canada Europe $4.89 $4.61 $4.47 $4.54 $4.42 $3.43 $3
Slide 16: Appendix
Appendix OQ Meta
Slide 17: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation In Millions Q4’20 Q1’21 Q2’21 Q3’21 Q4’21 Q1’22 Q2’22 Q3’22 Q4’22 Net cash provided by $ 14,040 $ 12,242 $ 13,246 $ 14,091 $ 18,104 $ 14,076 $ 12,197 $ 9,691 $ 14,511 operating activities Less: Purchases of property and 4,613 4,272 4,612 4,313 5,370 5,315 7,528 9,355 8,
Slide 18: Limitations of Key Metrics and Other Data
Limitations of Key Metrics and Other Data The numbers for our key metrics are calculated using internal company data based on the activity of user accounts. We report our estimates of the numbers of our daily active people (DAP), monthly active people (MAP), and average revenue per person (ARPP) (co
Slide 19: Limitations of Key Metrics and Other Data
Limitations of Key Metrics and Other Data To calculate our estimates of Family DAP and MAP, we currently use a series of machine learning models that are developed based on internal reviews of limited samples of user accounts and calibrated against user survey data. We apply significant judgment in
Slide 20: Limitations of Key Metrics and Other Data
Limitations of Key Metrics and Other Data Facebook Metrics We regularly evaluate our Facebook metrics to estimate the number of "duplicate" and "false" accounts among our MAUs. A duplicate account is one that a user maintains in addition to his or her principal account. We divide "false" accounts in
Slide 21: Meta Earnings Presentation Q4 2022
Meta Earnings Presentation Q4 2022 investor.fb.com