Meta Platforms, formerly Facebook, reported net income of US$ 10.285 billion in the fourth quarter of 2021, an 8% decrease compared to the same period of the previous year. The diluted earnings per share were US$ 3.67, below the expectation of US$ 3.85 from analysts polled by FactSet.
At 18:34, the company’s share plummeted 22.26% in the after-hours market in New York.
Revenue, in turn, was US$ 33.671 billion, an increase of 20% compared to the last quarter of 2020.
In a note to investors, CEO and founder Mark Zuckerberg characterized the quarter as “solid” and highlighted “important growth” in areas such as Reels, commerce and virtual reality. “We will continue to invest in these and other priorities throughout 2022 as we work to create the metaverse,” he wrote.
For the first quarter of this year, Meta’s expectation is that revenue will be in the range between US$ 27 billion and 29 billion, which would represent growth between 3% and 11% on an annual basis.
Source: CNN Brasil
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