CLAIM #41664 · Meta Platforms Inc. (META) · 2023Q2 earnings call · Jul 26, 2023 · due Dec 31, 2023
“We're not sharing a Q4 revenue outlook yet, there are obviously some tailwinds to year-over-year growth in Q4, again, the same point about a weaker compare applies and at current rates FX would be a larger tailwind in Q4 than we're expecting it to be in Q3.”
Susan Li · CFO
In context
“king forward into Q4. So, on the further acceleration that we've guided to in Q3. First of all, I'd just point out that Q3 2022 revenue declined 4.5% year-over-year. So we're really lapping a much weaker demand period a year-ago. And we've certainly seen demand this year stabilize. And so, it's really a much easier compare. We also are expecting that currency is going to flip to a three point tailwind from a one point headwind last quarter. And finally, as I've mentioned earlier on this call, we've been investing for a long time and I think executing really well across our core monetization work and continuing to grow engagement. And I think we're going to benefit from all of the investments that we've made in those historical and key priorities for us. In terms of what this means for Q4. We're not sharing a Q4 revenue outlook yet, there are obviously some tailwinds to year-over-year growth in Q4, again, the same point about a weaker compare applies and at current rates FX would be a larger tailwind in Q4 than we're expecting it to be in Q3. But we've had sizable fluctuations in advertiser demand over the last year. It's been a pretty volatile period. So, while we're seeing strong advertiser demand now and that's certainly informing our outlook, it's harder to predict as we look further forward. And there are a wide range of possible outcomes in Q4. Kenneth Dorell: Dave, we have time for one last question. Operator: Thank you, Ken. That will come from the line of Brad Erickson with RBC Capital Markets, your line is open. Brad Erickson: Yes. Thanks. Just had a follow-up, I guess, on the CapEx. Just in that planning process, you keep alluding to for the 2024 CapEx outlook. I think lot of your commentary here implies that new product, it sounds like you're going to be really central to instructing that number. Just curious how d”
Verify independently
SEC filings for META ↗ · Claim quote is verbatim from the 2023Q2 earnings call.