“We also expect a little over half of our expense dollar growth in 2023 to come from OpEx, with the rest coming from cost of revenue.”

In context

“markets. And overall, we’re focusing on a number of areas to grow revenue as we get through this tough cycle. And we’re seeing progress on a number of fronts, but it’s going to depend to some extent on what the overall macro climate is like. We’re not going to be facing as significant headwinds next year from the signals point of view as we are now lapping the big changes that were made on the iOS platform. So that’s going to also not factor in as strongly in our growth rates next year. Susan Li: And I’ll take that second question on next year’s OpEx guide. One thing I’d point out first is just next year’s guide includes an estimated $2 billion in 2023 expenses that are one-time charges as part of our office facilities consolidation as we continue to rationalize our real estate footprint. We also expect a little over half of our expense dollar growth in 2023 to come from OpEx, with the rest coming from cost of revenue. On the OpEx side, the growth in 2023 OpEx is primarily driven by headcount-related costs from employees that we’ve already hired through 2022, and those hires have primarily been concentrated in technical and more senior roles. So we expect the slowdown in payroll growth in 2023 will be the result of the slowdown in headcount growth overall. As we mentioned, we expect to end 2023 with headcount roughly flat to where we are now. And on the cost of revenue side, we expect the growth rate of cost of revenue to accelerate in ‘23 driven by the increased depreciation that we’re seeing play through from the big CapEx investments that we’ve made so far and then as well as from Reality Labs with the launch of the next generation of the consumer Quest headset later next year. Operator: Your next qu”