Meta Gives Revenue Forecast on Low End of Forecasts

The transcript discusses Meta's revenue challenges and growth prospects, highlighting a beat in constant currency numbers and impressive impressions growth despite a decline in ad pricing. It also covers the company's cost-cutting measures and the impact of Apple's IDFA changes. The focus then shifts to Reality Labs, where revenue fell short of expectations, and the operating loss was larger than anticipated. The discussion emphasizes the importance of stabilizing the core business while addressing investor concerns about the metaverse strategy and ongoing losses in Reality Labs.

What was the percentage decline in ad pricing for Meta, and how does it compare to Alphabet's decline?

• 5% for Meta, 18% for Alphabet

• 18% for Meta, 5% for Alphabet

• 15% for Meta, 3% for Alphabet

• 10% for Meta, 10% for Alphabet

What was the market's immediate reaction to Meta's financial report in terms of share price movement?

• Shares increased by 10%

• Shares decreased by 7.6%

• Shares increased by 5%

• Shares remained stable

What is the significance of Reality Labs for Meta's strategic direction?

• It is a minor part of Meta's business

• It focuses on traditional advertising

• It represents a major pivot towards the metaverse

• It is unrelated to Meta's core business

How are investors reacting to the financial performance of Reality Labs?

• They are optimistic about future growth

• They are nervous due to ongoing losses

• They are pleased with the current performance

• They are indifferent to the losses

What is a major challenge for Meta's metaverse initiative according to the transcript?

• High demand for virtual reality headsets

• Economic slowdown affecting headset sales

• Excessive profits from Reality Labs

• Lack of interest in online ads