Meta Platforms Earnings: 3 Key Metrics to Watch
Meta Platforms (NASDAQ: FB) investors are still recovering from the brutal sell off following last quarter's earnings report. The social media powerhouse missed on some key measures but it was the first-quarter guidance for 2022 that really sent the stock into a downward spiral. How bad was the aftershock? The day after its earnings were released, Meta suffered the single largest loss (measured in market capitalization) in the history of the U.S. stock market.
For the fourth quarter of 2021, Meta saw its earnings per share fall short of estimates, while revenue narrowly beat estimates. Even more concerning, daily active users on the company's core Facebook platform declined sequentially and first-quarter revenue guidance was well below analysts' consensus forecast.
Meta is set to report its next earnings on April 27, and Wall Street will no doubt be watching closely. Ahead of the call, here are three metrics worth checking on.
Source Fool.com
