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Great. Thanks for taking my questions. I have two, one for Mark, one for Susan. Mark, the first one is on generative AI. I sort of wanted to dig a little more into how you think about your blue-sky potential user and advertiser use cases of generative AI? And how do you think about the timeline see some glimpses of those on the platform? And then the second one for Susan, just anymore color on the new data center architecture and how we should think about the long-term capital intensity of the business, whether it’s CapEx per minute, CapEx per DAU? How big of a long-term benefit could this change be to the overall cash flow? Thanks.
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2022 Q4
3 Feb 23
lowered from our prior estimate of $34 billion to $37 billion
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2022 Q4
2 Feb 23
we expect capital expenditures to be in the range of $30 billion to $33 billion
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2022 Q4
2 Feb 23
Over the long-term, we are investing heavily in AI to develop and deploy privacy-enhancing technologies and continue building new tools that will make it easier for advertisers to create and deliver more relevant and engaging ads.
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2022 Q4
2 Feb 23
increased automation for advertisers to make it easier for them to run campaigns and use our systems to optimize their performance.
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2022 Q4
2 Feb 23
Family of Apps’ other revenue was $184 million in Q4, up 19%, with strong business messaging revenue growth from our WhatsApp business platform partially offset by a decline in other line items.
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2022 Q4
2 Feb 23
the total number of ad impressions served across our services increased 23% and the average price per ad decreased 22%
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2022 Q4
2 Feb 23
user geography basis, ad revenue growth was strongest in Rest of World at 5%. North America was flat, while Asia-Pacific and Europe declined 3% and 16% respectively.
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2022 Q4
2 Feb 23
The largest positive contributors to year-over-year growth in Q4 were the travel and healthcare verticals
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2022 Q4
2 Feb 23
Growth remained negative in our largest verticals, online commerce and CPG, though the pace of year-over-year decline in online commerce has slowed compared to last quarter.
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2022 Q4
2 Feb 23
The financial services and technology verticals were the largest negative contributors
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2022 Q4
2 Feb 23
Q4 revenue remained under pressure from weak advertising demand which we believe continues to be impacted by the uncertain and volatile macroeconomic landscape
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2022 Q4
2 Feb 23
today, we announced a $40 billion increase in our stock repurchase authorizatio
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2022 Q4
2 Feb 23
employee-related costs were the largest contributors to growth for all three expense lines
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2022 Q4
2 Feb 23
Beyond MR, the broader VR ecosystem continues growing. There are now over 200 apps on our VR devices that have made more than $1 million in revenue
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2022 Q4
2 Feb 23
ombined with the decline in cost per acquisition, this has resulted in higher returns on ad spend
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2022 Q4
2 Feb 23
In our broader ads business, we are continuing to invest in AI and we are seeing our efforts payoff here. In the last quarter, advertisers saw over 20% more conversions than in the year before
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2022 Q4
2 Feb 23
The next bottleneck that we are focused on to continue growing Reels is improving monetization efficiency or the revenue that’s generated per minute of Reels watched
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2022 Q4
2 Feb 23
we are going to be more proactive about cutting projects that aren’t performing or may no longer be as crucial
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2022 Q4
2 Feb 23
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