Meta shares jump 14% on better-than-expected revenue

CNBC ^ | 2/1/2023 | By Jonathan Vanian

[NohSpinZone]

Meta shares popped in extended trading on Wednesday after the company reported fourth-quarter revenue that topped estimates and announced a $40 billion stock buyback. Here are the results.

Earnings: $1.76 per share Revenue: $32.17 billion vs $31.53 billion expected, according to Refinitiv

Daily Active Users (DAUs): 2 billion vs 1.99 billion expected, according to StreetAccount

Monthly Active Users (MAUs): 2.96 billion vs billion expected, according to StreetAccount

Average Revenue per User (ARPU): $10.86 vs $10.63 expected, according to StreetAccount

[NohSpinZone]

Oh boy, Byedone, Lieawatha, and Commie Sanders are going to lose their BLEEP over the $40B stock buyback.

[Chode]

and laying off 10,000