On Wednesday, April 26, 2023, Meta Platforms (NASDAQ: META) is expected to release its financial Q1 2023 results. We anticipate that the stock will outperform the consensus sales and profit projections. Despite a 4% year-over-year decline in overall revenues to $32.17 billion, the corporation surpassed street predictions in the most recent quarter. The top line primarily suffered due to lower advertising revenues. Notably, the average revenue per user was down on a year-on-year basis. That said, the daily active users improved in the quarter. We expect the Q1 result to be on similar lines.
Our forecast indicates that Meta Platforms’ valuation is $201 per share, which is 6% below the current market price of around $213. Our interactive dashboard analysis on Meta Platforms’ Earnings Preview has more details.
Meta Platforms’ revenues marginally reduced to $116.6 billion in FY 2022. The decrease was due to a slight drop in advertising revenues, which suffered because of tough macroeconomic conditions. The same was evident from the ARPU figure for the year – down 3% y-o-y. On the flip side, the DAUs increased by 4% y-o-y. We expect the Q1 results to follow the same trend. Overall, Meta PlatformsFB -2.5%’ revenues are estimated to touch $122.4 billion in FY2023.
Trefis estimates Meta Platforms’ fiscal Q1 2023 net revenues to be around $28.7 billion, 4% above the $27.6 billion consensus estimate.
