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Meta Misses - Guides Down

February 3, 2022

Meta Platforms reported financial results for the quarter and full year ended December 31, 2021.

The firm's earnings per share was $3.67 with $3.84 expected. On the top line, Facebook took in $33.67 billion with $33.4 billion expected.

Facebook is looking for Q1 revenue of $27 billion to $29 billion, with expected sales of $30.15 billion.

"We had a solid quarter as people turned to our products to stay connected and businesses continued to use our services to grow," said Mark Zuckerberg, Meta founder and CEO. "I'm encouraged by the progress we made this past year in a number of important growth areas like Reels, commerce, and virtual reality, and we'll continue investing in these and other key priorities in 2022 as we work towards building the metaverse."

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