CLAIM #41505 · Meta Platforms Inc. (META) · 2022Q1 earnings call · Apr 27, 2022 · due Sep 30, 2022
“I think also, Justin, you asked about sort of the second half, we would expect the growth rate in Q3 to be modestly higher than the Q2 rate since we will be lapping the first full quarter impact of ATT in Q3, but there's obviously a lot of uncertainty baked into our Q2 outlook, and that implies uncertainty in the second half as well.”
Dave Wehner · CFO
In context
“say anything about iOS 16 or how you’re thinking about potential future Apple changes? Thank you. Dave Wehner: Yes, sure. On the $10 billion impact, we shared our estimated $10 billion impact on ATT last quarter to give a sense of the order of magnitude, and we believe it’s still to be that order of magnitude on the expected impact. It’s not a precise point estimate and we don’t plan to update it. Also worth noting, it’s – that’s not a – it’s not a lapping. There was an impact from ATT in the second half of last year as well. So that’s not a – all in the increment. There was an impact last year. Also beyond ATT, we expect to see additional targeting and measurement headwinds from iOS 15 and other regulatory changes. I don’t think we have anything at this point to share about 16. And then I think also, Justin, you asked about sort of the second half, we would expect the growth rate in Q3 to be modestly higher than the Q2 rate since we will be lapping the first full quarter impact of ATT in Q3, but there’s obviously a lot of uncertainty baked into our Q2 outlook, and that implies uncertainty in the second half as well. Operator: Our next question is from Doug Anmuth with JPMorgan. Please go ahead. Doug Anmuth: Thanks for taking the questions. First for Mark, just curious as AI curation of content takes over from social cues, I was hoping you could talk about what some of the biggest changes will be to the user experience and then perhaps monetization as well long-term? And then second, in terms of Reels, how do you think about the timing for turning on ads more? And what needs to happen in the product for that to happen? Thanks. Mark Zuckerberg: Yes. So I can talk about the AI-driven recommendations and discovery engine part. And I mean, maybe I can start to give some context on the ads too, and then someone else can jump in there. I think the biggest shift here is that now the universe of content that”
Verify independently
SEC filings for META ↗ · Claim quote is verbatim from the 2022Q1 earnings call.