Meta Platforms, Inc. (FB) [Rocket]

In millions, except per share items	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20
	10-Q	10-Q	8-K	10-K	10-Q	10-Q	10-Q	10-K
Revenues:
Reality Labs	285	452			558	305
Family of Apps	27,429	28,370			28,452	28,772
Total revenues	27,714	28,822	27,908	33,671	29,010	29,077	26,171	28,072
Revenue growth [+]	-4.5%	-0.9%	6.6%	19.9%	35.1%	55.6%	47.6%	33.2%
Reality Labs	-48.9%	48.2%
Family of Apps	-3.6%	-1.4%
Cost of goods sold	5,716	5,192	6,005	6,348	5,771	5,399	5,131	5,210
Gross profit	21,998	23,630	21,903	27,323	23,239	23,678	21,040	22,862
Gross margin	79.4%	82.0%	78.5%	81.1%	80.1%	81.4%	80.4%	81.4%
Selling, general and administrative [+]	7,164	6,582	5,672	7,692	6,500	5,215	4,465	4,880
Sales and marketing	3,780	3,595	3,312	4,387	3,554	3,259	2,843	3,281
General and administrative	3,384	2,987	2,360	3,305	2,946	1,956	1,622	1,599
Research and development	9,170	8,690	7,707	7,046	6,316	6,096	5,197	5,207
EBITDA [+]	7,839		10,680	14,599	12,418	14,353	13,350	14,638
EBITDA growth	-36.9%	-41.8%	-20.0%	-0.3%	27.5%	87.2%	78.2%	41.8%
EBITDA margin	28.3%	29.0%	38.3%	43.4%	42.8%	49.4%	51.0%	52.1%
Depreciation	2,130	-53	2,156	2,014	1,871	1,864	1,854	1,742
EBITA	5,709	8,411	8,524	12,585	10,547	12,489	11,496	12,896
EBITA margin	20.6%	29.2%	30.5%	37.4%	36.4%	43.0%	43.9%	45.9%
Amortization of intangibles	45	53			124	122	118	121
EBIT [+]	5,664	8,358	8,524	12,585	10,423	12,367	11,378	12,775
EBIT growth	-45.7%	-32.4%	-25.1%	-1.5%	29.6%	107.4%	93.1%	44.2%
EBIT margin	20.4%	29.0%	30.5%	37.4%	35.9%	42.5%	43.5%	45.5%
Other income (expense), net	-88	-172	384	118	142	146	125	280
Pre-tax income	5,576	8,186	8,908	12,703	10,565	12,513	11,503	13,055
Income taxes	1,181	1,499	1,443	2,418	1,371	2,119	2,006	1,836
Tax rate	21.2%	18.3%	16.2%	19.0%	13.0%	16.9%	17.4%	14.1%
Net income	4,395	6,687	7,465	10,285	9,194	10,394	9,497	11,219
Net margin	15.9%	23.2%	26.7%	30.5%	31.7%	35.7%	36.3%	40.0%

Basic EPS [+]	$1.64	$2.47	$2.74	$3.65	$3.27	$3.67	$3.34	$3.94
Growth	-49.8%	-32.6%	-17.9%	-7.2%	18.7%	101.9%	94.0%	52.8%
Diluted EPS [+]	$1.64	$2.46	$2.72	$3.60	$3.22	$3.61	$3.30	$3.88
Growth	-49.1%	-31.8%	-17.4%	-7.4%	18.5%	100.9%	92.8%	52.0%

Shares outstanding (basic) [+]	2,682	2,704	2,725	2,815	2,814	2,834	2,847	2,851
Growth	-4.7%	-4.6%	-4.3%	-1.3%	-1.3%	-0.6%	-0.1%	-0.1%
Shares outstanding (diluted) [+]	2,687	2,713	2,742	2,859	2,859	2,877	2,882	2,888
Growth	-6.0%	-5.7%	-4.9%	-1.0%	-1.1%	-0.1%	0.5%	0.4%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.