TwitterFacebookForwardLink Meta shares popped more than 19% in extended trading on Wednesday after the company reported better-than-expected Q4 and full-year 2022 results. Meta generated $32.17B in revenue in Q4, down 4% compared to the previous year. Q4 net income came in at $4.65B, or $1.76 per share, down 55% YoY. More: Full-year revenue was $116.61B, down 1% YoY. Full-year net income was $23.2B, or $8.59 a share, down 41% YoY. Meta incurred restructuring charges for its Family of Apps unit, which includes Facebook, Instagram, and WhatsApp, of $3.76B and $440M for its Reality Labs unit. Meta’s Reality Labs unit houses its virtual and augmented reality products and technologies. Meta’s Family daily active users number was 2.96 billion in December, up 5% YoY. Facebook’s daily active users number was 2 billion, up 4% YoY. Meta had a headcount of 86,482 as of Dec. 31, an increase of 20% YoY. In November, Meta announced it would lay off about 11,000 workers, or 13% of its workforce. Meta increased its share buyback program by $40B; the company repurchased $27.9B worth of shares in 2022.

 

Meta shares popped more than 19% in extended trading on Wednesday after the company reported better-than-expected Q4 and full-year 2022 results.  Meta generated $32.17B in revenue in Q4, down 4% compared to the previous year. Q4 net income came in at $4.65B, or $1.76 per share, down 55% YoY. Full-year revenue was $116.61B, down 1% YoY. Full-year net income was $23.2B, or $8.59 a share, down 41% YoY. Meta incurred restructuring charges for its Family of Apps unit, which includes Facebook, Instagram, and WhatsApp, of $3.76B and $440M for its Reality Labs unit. Meta’s Reality Labs unit houses its virtual and augmented reality products and technologies. Meta’s Family daily active users number was 2.96 billion in December, up 5% YoY. Facebook’s daily active users number was 2 billion, up 4% YoY. Meta had a headcount of 86,482 as of Dec. 31, an increase of 20% YoY. In November, Meta announced it would lay off about 11,000 workers, or 13% of its workforce. Meta increased its share buyback program by $40B; the company repurchased $27.9B worth of shares in 2022.