Meta Platforms (META) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to both the preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to both the preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$32B
Revenue reported for this quarter.
Quarter-over-quarter
+11.7%
Change from the immediately preceding quarter.
Year-over-year
+11.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$120.5B
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 |
|---|---|---|
| Sep 30, 2022 | $27.7B | -4.5% |
| Dec 31, 2022 | $32.2B | -4.5% |
| Mar 31, 2023 | $28.6B | +2.6% |
| Jun 30, 2023 | $32B | +11.0% |
Revenue performance
The company reported revenue growth in the current quarter.
Quarterly comparison
Revenue rose compared to the immediately prior quarter and also compared to the same quarter last year.
What to watch
The company deferred U.S. federal tax payments due to California storms relief, which may impact cash flows.