{"id":20043,"date":"2023-07-27T09:30:07","date_gmt":"2023-07-27T16:30:07","guid":{"rendered":"https:\/\/marketdepth.com\/?p=20043"},"modified":"2023-08-02T09:19:13","modified_gmt":"2023-08-02T16:19:13","slug":"meta-surges-on-increased-revenue-outlook","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/meta-surges-on-increased-revenue-outlook\/","title":{"rendered":"Meta Surges on Increased Revenue Outlook"},"content":{"rendered":"\n
Meta Platforms (META:NASD) announces double digit revenue growth, this is the first revenue growth since 2021. The company announces revenue guidance between $32 and $24.5 billion topping analyst expectations. That revenue growth implies a 15% YoY growth.<\/p>\n\n\n\n
Meta started announcing layoffs and other cost cutting measures as the company started to see economic uncertainty on the horizon. The company cut 21,000 jobs, which accounts for 14% of the Meta work force. This cost saving measure has brought in capital expenses down to the $27-30 billion range down from $30-33 billion.<\/p>\n\n\n\n
The company has turned around after 3 quarters of revenue decline. This sets up the company’s new projects including threads for growth.<\/p>\n","protected":false},"excerpt":{"rendered":"Meta Platforms (META:NASD) announces double digit revenue growth, this is the first revenue growth since 2021. The company announces revenue guidance between $32 and $24.5 billion topping analyst expectations. That revenue growth implies a 15% YoY growth. Meta started announcing layoffs and other cost cutting measures as the company started to see economic uncertainty on… View Article<\/a>","protected":false},"author":3,"featured_media":20044,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,17,7,16],"tags":[],"acf":[],"yoast_head":"\n