Slide 1: Meta Earnings Presentation Q3 2022
Meta Earnings Presentation Q3 2022 investor.fb.com
Slide 2: Advertising Revenue by User Geography
Advertising Revenue by User Geography In Millions $32,639 $3,220 $28,580 $28,276 $28,152 $27,187 $26,998 $27,237 $25,439 $2,857 $2,963 $3,169 $2,512 $6,183 $3,047 $2,949 $2,434 $21,221 $5,152 $5,398 $4,703 $5,835 $4,735 $5,661 $5,717 $1,980 $8,174 $4,202 $6,822 $7,205 $6,821 $6,360 $5,707 $6,373 $6,
Slide 3: Revenue by User Geography
Revenue by User Geography In Millions $33,671 $3,244 $29,077 $29,010 $28,822 $28,072 $27,908 $27,714 $26,171 $2,879 $2,981 $6,244 $3,213 $2,534 $2,992 $3,100 $2,454 $4,793 $5,190 $5,461 $21,470 $5,759 $5,908 $4,789 $5,782 $1,999 $8,357 $4,230 $7,011 $7,270 $6,955 $6,486 $6,452 $5,797 $6,523 $5,104 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 Advertising $ 27,187 $ 25,439 $ 28,580 $ 28,276 $ 32,639 $ 26,998 $ 28,152 $ 27,237 Other 168 198 192 176 155 215 218 192 Family of Apps Revenue 27,355 25,637 28,772 28,452 32,794 27,213 28,370 27,429 Reality Labs Revenue 71
Slide 5: Expenses as a Percentage of Revenue
Expenses as a Percentage of Revenue 12% 8% 10% 14% 8% 10% 10% 7% 12% 6% 6% 12% 12% 12% 13% 12% 11% 11% 28% 33% 30% General & 22% 20% 21% 22% 21% 19% Administrative Marketing & Sales 22% 21% Research & 20% 19% 20% 19% 20% 19% 18% Development Cost of Revenue Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q
Slide 6: Effective Tax Rate
Effective Tax Rate In Millions, Except for Percentages Q3’20 (1) Q4’20 Q1’21 Q2’21 Q3’21 Q4’21 Q1’22 Q2’22 Q3’22 Income before provision $ 8,133 $ 13,055 $ 11,503 $ 12,513 $ 10,565 $ 12,702 $ 8,908 $ 8,186 $ 5,576 for income taxes Provision for income taxes 287 1,836 2,006 2,119 1,371 2,417 1,443 1,
Slide 7: Net Income
Net Income In Millions $11,219 $10,394 $10,285 $9,497 $9,194 $7,846 $7,465 $6,687 $4,395 Q3'20⁽¹⁾ Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 (1) Reflects a one-time income tax benefit of $913 million related to the effects of a tax election to capitalize and amortize certa in research and devel
Slide 8: Diluted Earnings Per Share
Diluted Earnings Per Share $3.88 $3.61 $3.67 $3.30 $3.22 $2.71 $2.72 $2.46 $1.64 Q3'20⁽¹⁾ Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 (1) Reflects a one-time income tax benefit of $913 million related to the effects of a tax election to capitalize and amortize certa in research and development e
Slide 9: Capital Expenditures
Capital Expenditures In Millions $22,813 $13,703 $9,518 $4,544 Q3'21 Q3'22 YTD 2021 YTD 2022 Quarterly YTD 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 2.82 2.87 2.88 2.93 2.76 2.81 2.72 2.54 2.60 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 DAP/MAP Q3’20 Q4’20 Q1’21 Q2’21 Q3’21 Q4’21 Q1’22 Q2’22 Q3’22 79% 79% 79% 79% 78% 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 3.64 3.65 3.71 3.58 3.59 3.45 3.51 3.21 3.30 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 We define a monthly active person (MAP) as a registered and logged -in user of one or more Family products who visited at least o ne of these Family produ
Slide 12: Family Average Revenue per Person (ARPP)
Family Average Revenue per Person (ARPP) $9.39 $8.62 $8.36 $8.18 $7.75 $7.72 $7.91 $7.53 $6.76 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 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 1,960 1,968 1,984 1,878 1,908 1,930 1,929 1,820 1,845 622 619 629 631 638 598 613 618 593 744 760 788 805 806 827 836 845 727 Rest of World Asia-Pacific 305 308 309 307 308 309 307 303 303 Europe 196 195 195 195 196 195 196 197 197 US & Canada Q3'20 Q4'
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 2,797 2,853 2,740 951 949 945 957 959 971 921 940 906 1,199 1,230 1,265 1,278 1,278 1,297 1,305 1,312 1,166 Rest of World Asia-Pacific 413 419 423 420 423 427 418 407 408 Europe 255 258 259 259 261 262 263 264 266 U
Slide 15: Facebook Average Revenue per User (ARPU)
Facebook Average Revenue per User (ARPU) $60.57 $52.34 $50.25 $49.13 $48.29 $19.68 $16.50 $15.64 $15.35 $14.23 $11.57 $10.00 $9.54 $9.82 $9.41 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Worldwide US & Canada Europe $4.89 $4.54 $4.30 $4.47 $4.42 $3.14 $3
Slide 16: Appendix
Appendix O Meta
Slide 17: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation In Millions Q3’20 Q4’20 Q1’21 Q2’21 Q3’21 Q4’21 Q1’22 Q2’22 Q3’22 Net cash provided by operating $ 9,828 $ 14,040 $ 12,242 $ 13,246 $ 14,091 $ 18,104 $ 14,076 $ 12,197 $ 9,691 activities Less: Purchases of property and 3,689 4,613 4,272 4,612 4,313 5,370 5,315 7,528 9,3
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 have hi storically reported the numbers of our daily active users (DAUs), monthly active users (MAUs), and average revenue per user (ARPU) (
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 bas ed 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 dupli cate account is one that a user maintains in addition to his or her principal account. We divide "false" accounts i
Slide 21: Meta Earnings Presentation Q3 2022
Meta Earnings Presentation Q3 2022 investor.fb.com