There are 2,82 billion daily active user of all Meta platforms, of which facebook has 1.93 billion. This is an increase of 9% and %5 respectively, year-over-year, according to the Full Year 2021 Results that Meta Platforms Inc published this Wednesday.
|Twelve Months||Ended December 31,||%|
|Costs and expenses:|
|Cost of revenue||22,649||16,692||36%|
|Research and development||24,655||18,447||34%|
|Marketing and sales||14,043||11,591||21%|
|General and administrative||9,829||6,564||50%|
|Total costs and expenses||71,176||53,294||34%|
|Income from operations||46,753||32,671||43%|
|Interest and other income, net||531||509||4%|
|Income before provision for income taxes||47,284||33,180||43%|
|Provision for income taxes||7,914||4,034||96%|
Obviously, all numbers show the business was good throughout the year, a 35% increase in net income. Despite of this, its stock price fell on Thursday by more 26%, to $237.76 from its previous close of $323 a day before it published its Fourth Quarter and Full Year 2021 Results.
Investors’ expectations of Meta’s performance were much higher. These results seem to have disappointed them. This was immediately reflected in the market.
Nonetheless Meta platforms Inc. has an optimistic outlook about its future performance. Its CFO stated “We expect first quarter 2022 total revenue to be in the range of $27-29 billion, which represents 3-11% year-over-year growth”.
Meta’s next reporting event is supposed to happen by the end of April 2022. Until then we will see if the market will regain trust and whether its stock price will recuperate to last year’s level. Or, maybe it will remain at its pre-pandemic level at about $200.