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As of December 31, 2022, construction in progress also includes $2.18 billion of servers and network assets components stored by our suppliers until required by our design manufacturers to fulfill certain purchase orders.
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10-K
2022 FY
26 Jun 23
or to purchase certain server components that do not specify a fixed or minimum price commitment
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10-K
2022 FY
22 May 23
Our contractual commitments are primarily related to our investments in network infrastructure, servers, and consumer hardware products in Reality Labs
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10-K
2022 FY
22 May 23
Reels is a revenue headwind today that we expect will become revenue neutral by the end of the year or early next year
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Transcript
2023 Q1
27 Apr 23
click-to-messaging ads are a really important part of our overall ad strategy in terms of on-site objectives.
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Transcript
2023 Q1
27 Apr 23
it is a big part of the sort of first-party data playbook.
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Transcript
2023 Q1
27 Apr 23
Q1 restructuring charges are in the range of $1.1 billion, and then we gave a range of $3 billion to $5 billion for the full year.
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Transcript
2023 Q1
27 Apr 23
Reels is a revenue headwind today that we expect will become revenue neutral by the end of the year or early next year. Again, we expect FX will be a tailwind. And again, we're lapping relatively softer comps.
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Transcript
2023 Q1
27 Apr 23
Looking forward to Q2 and the back half of the year, it's certainly an easier compare there as there are tailwinds to year-over-year growth coming from lapping a weaker demand period and then moving into the first full quarter in Q2 without Russia revenue in terms of the comparison relative to Q2 2022. And we certainly expect that currency is also going to be less of a headwind than it was in the first quarter.
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Transcript
2023 Q1
27 Apr 23
In terms of the Q1 revenue performance and the acceleration relative to Q4, we certainly saw stronger demand, including the impact of lapping the Ukraine war, which began in Q1 of 2022. And in particular, we saw acceleration among advertisers in China targeting users in other markets, which we believe was due, in part, to dropping shipping costs and easing COVID lockdowns for those advertisers.
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Transcript
2023 Q1
27 Apr 23
Reality Labs operating losses to increase year-over-year in 2023.
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Transcript
2023 Q1
27 Apr 23
revenue outlook
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Transcript
2023 Q1
27 Apr 23
Reality Labs operating loss was $4 billion.
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Transcript
2023 Q1
27 Apr 23
Reality Labs segment, Q1 revenue was $339 million, down 51%
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Transcript
2023 Q1
27 Apr 23
MAUs grew by 53 million or 2% compared to last year.
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Transcript
2023 Q1
27 Apr 23
Facebook daily active users were 2.04 billion, up 4% or 77 million compared to last year.
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Transcript
2023 Q1
27 Apr 23
Net income was $5.7 billion or $2.20 per share. Capital expenditures, including principal payments on finance leases, were $7.1 billion driven by investments in data centers, servers and network infrastructure. Free cash flow was $6.9 billion, and we repurchased $9.2 billion of our Class A common stock in the first quarter. We ended the quarter with $37.4 billion in cash and marketable securities.
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Transcript
2023 Q1
27 Apr 23
First quarter operating income was $7.2 billion, representing a 25% operating margin.
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Transcript
2023 Q1
27 Apr 23
We ended the first quarter with over 77,100 employees, down 11% from the fourth quarter
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Transcript
2023 Q1
27 Apr 23
Q1 total expenses were $21.4 billion, up 10% compared to last year.
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Transcript
2023 Q1
27 Apr 23