Meta Platforms:Quarterly Results/2023 Q3: Difference between revisions

Meta Platforms:Quarterly Results/2023 Q3 (view source)

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 === SNAP ===
+* Snap's revenue rose 5% y/y to $1.19 billion<ref>https://s25.q4cdn.com/442043304/files/doc_financials/2023/q3/Q3-23-Press-Release_FINAL-10-24-23.pdf</ref>, beating analysts estimate of $ 1.11 billion (-1.8% y/y)<ref>https://www.cnbc.com/2023/10/24/snap-earnings-q3-2023.html</ref>.
+* Its EPS was $0.02 versus - $0.04 estimate.
+* Snap global daily active users rose 12% to 406 million, in-line with 405.79 million estimate ( +11.8% y/y).
+* Snap said its AI-powered chatbot, My AI, launched in February 2023, now has over 200 million people (who have sent more than 20 billion messages).
+* Snap said it's seeing an impact from Israel-Gaza war on its advertising revenue. "We observed pauses in spending from a large number of primarily brand-oriented advertising campaigns immediately following the onset of the war in the Middle East, and this has been a headwind to revenue quarter-to-date. While some of these campaigns have now resumed, and the impact on our revenue has partially diminished, we continue to observe new pauses and the risk that these pauses could persist or increase in magnitude remains."
+* Its average revenue per user was $2.93 vs. $2.74 expected.
 == Small Competitor Earnings Expectations and Results ==