All Stories Tagged: Facebook news, Page 2

Following a successful set of metrics in its Q2 2023 earnings results, Meta has raised revenue guidance for Q3 2023.

Meta came out ahead with a solid revenue and EPS beat against analyst estimates in its Q2 2023 results.

Meta's Reality Labs division continues to be one of the largest cash sinks for the company in its latest fiscal year.

Nearly 3 billion active users were reported in Facebook's results for Q1 2023.

Following a beat on the current fiscal quarter revenue and earnings-per-share, Meta raised its revenue guidance for Q2 2023.

The company shared restructuring plans as part of its 'Year of Efficiency' which includes additional layoffs and reduced hiring rates.

Even after a mass layoff late in 2022, thousands of further jobs at the Meta company may be on the line this week as the company continues to cut costs.

Mark Zuckerberg revealed that while Reels is a popular feature, the company needs to improve its 'monetization efficiency' to better capitalize on its popularity.

It would seem that Meta was able to put up winning numbers when it came to revenue expectations for its Q4 2022 earnings results.

In a letter released by Mark Zuckerberg, the CEO said the cuts were because 'revenue outlook is lower' and a push to operate more efficiently.