{"id":53865,"date":"2022-10-26T16:19:16","date_gmt":"2022-10-26T23:19:16","guid":{"rendered":"https:\/\/lapost.us\/?p=53865"},"modified":"2022-10-26T16:19:16","modified_gmt":"2022-10-26T23:19:16","slug":"meta-revenue-dips-again","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=53865","title":{"rendered":"Meta revenue dips (again)"},"content":{"rendered":"<p>Meta\u2019s earnings for the past three months\u00a0<a href=\"https:\/\/nxslink.thehill.com\/click\/29504329.15110\/aHR0cHM6Ly90aGVoaWxsLmNvbS9wb2xpY3kvMzcwNTQ4My1tZXRhLXJlcG9ydHMtc2Vjb25kLXN0cmFpZ2h0LXF1YXJ0ZXJseS1yZXZlbnVlLWRlY2xpbmUvP2VtYWlsPWIwYmVmYjJkYWZjZTNhODdlN2YxMzZiYjA2NTRkZjA1M2Y4NDUzYWMmZW1haWxhPTFhMjc1N2UzNTgwMDFiYTI2MzE4YjAyYjg2ZjQxMzExJmVtYWlsYj1jMWI1ODkxZWM4MmRlMDlkYmNmOTczYWQ0OTU0NjAzMmVjZTc5NTBmYjNhN2U3Y2E4NmRkOWNmY2NhYmU2OWI4JnV0bV9zb3VyY2U9U2FpbHRocnUmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249MTAuMjYuMjIlMjBKQiUyMEhpbGxpY29u\/6230d8c8b246d104952dff9aB767faccc\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/nxslink.thehill.com\/click\/29504329.15110\/aHR0cHM6Ly90aGVoaWxsLmNvbS9wb2xpY3kvMzcwNTQ4My1tZXRhLXJlcG9ydHMtc2Vjb25kLXN0cmFpZ2h0LXF1YXJ0ZXJseS1yZXZlbnVlLWRlY2xpbmUvP2VtYWlsPWIwYmVmYjJkYWZjZTNhODdlN2YxMzZiYjA2NTRkZjA1M2Y4NDUzYWMmZW1haWxhPTFhMjc1N2UzNTgwMDFiYTI2MzE4YjAyYjg2ZjQxMzExJmVtYWlsYj1jMWI1ODkxZWM4MmRlMDlkYmNmOTczYWQ0OTU0NjAzMmVjZTc5NTBmYjNhN2U3Y2E4NmRkOWNmY2NhYmU2OWI4JnV0bV9zb3VyY2U9U2FpbHRocnUmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249MTAuMjYuMjIlMjBKQiUyMEhpbGxpY29u\/6230d8c8b246d104952dff9aB767faccc&amp;source=gmail&amp;ust=1666912094313000&amp;usg=AOvVaw2A6aXDDaHdTBIWirpaOaRh\">declined compared to<\/a>\u00a0the same period last year, marking the second quarter in a row the tech giant saw a dip in revenue after years of growth.<\/p>\n<ul>\n<li>Meta, the parent company of Facebook, reported in Wednesday\u2019s third quarter earnings release a revenue of $27.1 billion, representing a 4 percent decrease compared to the same time period last year.<\/li>\n<li>After the report was released, Meta\u2019s stock dropped by around 12 percent in after-hours trading.<\/li>\n<\/ul>\n<p>Meta\u2019s report said the company expects to see revenue in the fourth quarter between $30 and 32.5 billion.<\/p>\n<p>&nbsp;<\/p>\n<p>The company will also make some hiring changes in some places, hold teams flat, and in other areas, make cuts. Meta predicted its headcount at the end of 2023 will be around in line with the third quarter of this year.<\/p>\n<p>&nbsp;<\/p>\n<p>The company said it expects operating losses for Reality Labs, the project to expand its virtual reality (VR) services, to \u201cgrow significantly\u201d in 2023. After next year, Meta said it expects to pace investments in Reality Labs to \u201cachieve our goal of growing overall company operating income in the long run.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta\u2019s earnings for the past three&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-53865","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/53865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53865"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/53865\/revisions"}],"predecessor-version":[{"id":53866,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/53865\/revisions\/53866"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}