:Meta Platforms Inc on Wednesday forecast stricter control of expenses this year and first-quarter sales that could beat Wall Street estimates, sending shares soaring 19 per cent in after-hours trade.The world's biggest social media company cut its cost outlook for 2023 by $5 billion and expanded its share bu
:Meta Platforms Inc on Wednesday forecast stricter control of expenses this year and first-quarter sales that could beat Wall Street estimates, sending shares soaring 19 per cent in after-hours trade.
The world's biggest social media company cut its cost outlook for 2023 by $5 billion and expanded its share buyback program by $40 billion. The parent of Instagram and Facebook forecast revenue between $26 billion and $28.5 billion, compared with analysts' average estimates of $27.14 billion, according to IBES data from Refinitiv.The digital ad giant faced a brutal 2022 as companies cut back on marketing spending due to economic worries, while rivals like TikTok captured younger users and Apple Inc's privacy updates continued to challenge the business of placing targeted ads.
Meta's forecast is an indication that the ad market may be recovering as companies increase their marketing budgets, after a long pause due to macroeconomic uncertainties. Net income for the fourth quarter ended Dec. 31, however, fell to $4.65 billion, or $1.76 per share, compared with $10.29 billion, or $3.67 per share, a year earlier, largely due to a $4.2 billion charge related to cost-cutting moves such as layoffs.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Japan Inc strives to lure skilled workers as inflation, labour crunch biteAbout a quarter of Japanese firms have offered inflation allowances or plan to do so. Read more at straitstimes.com.
続きを読む »
3 Best Trading Platforms With Low Cost Fees - Singapore NewsIf you are looking to try your hand at trading stocks, read on for a breakdown of three low-fee platforms to decide where you should start your trading journey.
続きを読む »
3 best trading platforms with low cost feesSingaporeans are relatively familiar with stock markets. According to a poll by Milieu Insight, 52 per cent of Singaporeans aged 16 and above have some investment in stocks or equities. This does not come as a surprise as Singaporeans are becoming more financially literate and choose to invest in stock markets in order to generate long-term wealth. While most Singaporeans...
続きを読む »
Snap's earnings may hold positive news for Meta, Google -analystsSnap Inc blamed a poor economy and increased competition for its ho-hum quarterly earnings, but a rise in the key ad metric could mean good news for Facebook owner Meta Platforms and Alphabet, analysts said on Wednesday.Snap said its direct response business geared towards driving product sales or website
続きを読む »
Possible Cabinet shuffle could happen on Wednesday or Thursday: JokowiSpeculation about a reshuffle has grown recently. Read more at straitstimes.com.
続きを読む »
EU studying whether Big Tech should pay network costs -EU documentBRUSSELS : The European Union (EU) will consult the technology and telecoms sectors on whether tech giants like Alphabet Inc's Google, Meta and Amazon.com Inc should subsidize network costs, according to a Commission document seen by Reuters on Tuesday.EU telecoms providers including Deutsche Telekom, Ora
続きを読む »