“We expect this trend to continue in the second quarter and this will likely cause Global MAU to be flat to down sequentially.”

In context

“pps expenses were $15.7 billion, up 27% driven mainly by employee-related expenses, infrastructure costs and legal costs. Family of Apps operating income was $11.5 billion, representing a 42% operating margin. We estimate that approximately 2.9 billion people used at least one of our Family of Apps on a daily basis in March, and that approximately 3.6 billion people used at least one on a monthly basis. Facebook daily active users were 1.96 billion, up 4% or 82 million compared to last year. DAUs represented approximately 67% of the 2.94 billion monthly active users in March. MAUs grew by 83 million or 3% compared to last year. Europe DAUs and MAUs declined sequentially and were negatively impacted by the loss of users in Russia following the government’s block of Facebook in the country. We expect this trend to continue in the second quarter and this will likely cause Global MAU to be flat to down sequentially. Within our Reality Labs segment, Q1 revenue was $695 million, up 30%, driven by Quest 2 sales. Reality Labs expenses were $3.7 billion, up 55%, driven by employee-related costs, R&D operating expenses and cost of goods sold. Reality Labs operating loss was $3 billion in the first quarter. Turning now to the outlook. We expect second quarter 2022 total revenue to be in the range of $28 billion to $30 billion. This outlook reflects a continuation of the trends impacting revenue growth in the first quarter, including softness in the back half of the first quarter that coincided with the war in Ukraine. Our guidance assumes foreign currency will be approximately a 3% headwind to year-over-year growth in the second quarter, based on current exchange rates. In addition, as noted on previous cal”