Meta Platforms (META) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared with the prior quarter, but rose relative to the same quarter a year ago. The sequential decrease followed a pattern of recent quarterly revenue volatility.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined compared with the prior quarter, but rose relative to the same quarter a year ago. The sequential decrease followed a pattern of recent quarterly revenue volatility.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$28.6B
Revenue reported for this quarter.
Quarter-over-quarter
-10.9%
Change from the immediately preceding quarter.
Year-over-year
+2.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$117.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $28.8B | -0.9% |
| Sep 30, 2022 | $27.7B | -4.5% |
| Dec 31, 2022 | $32.2B | -4.5% |
| Mar 31, 2023 | $28.6B | +2.6% |
Revenue performance
The reported revenue reflects a decrease from the immediately preceding quarter, while showing an increase compared with the same period one year earlier.
Quarterly comparison
Compared with the prior quarter, revenue moved lower; versus the same quarter one year ago, revenue moved higher. The trailing twelve-month revenue level was provided.
What to watch
The sequential decline warrants attention alongside the company's liquidity position and capital allocation activities disclosed in the filing context.