


Susan Li, Meta's current Vice President of Finance, will be promoted and serve as Meta's Chief Financial Officer. tax law, we expect our full-year 2022 tax rate to be above the second quarter rate and in the high teens.Ĭhief Financial Officer Transition and Chief Strategy Officer AppointmentĮffective November 1, 2022, current Chief Financial Officer David Wehner will take on a new role as Meta's first Chief Strategy Officer, where he will oversee the company's strategy and corporate development. We expect 2022 capital expenditures, including principal payments on finance leases, to be in the range of $30-34 billion, narrowed from our prior range of $29-34 billion.Ībsent any changes to U.S. We have reduced our hiring and overall expense growth plans this year to account for the more challenging operating environment while continuing to direct resources toward our company priorities. We expect 2022 total expenses to be in the range of $85-88 billion, lowered from our prior outlook of $87-92 billion. In addition, as noted on previous calls, we continue to monitor developments regarding the viability of transatlantic data transfers and their potential impact on our European operations. Our guidance assumes foreign currency will be an approximately 6% headwind to year-over-year total revenue growth in the third quarter, based on current exchange rates. We also anticipate third quarter Reality Labs revenue to be lower than second quarter revenue. This outlook reflects a continuation of the weak advertising demand environment we experienced throughout the second quarter, which we believe is being driven by broader macroeconomic uncertainty. We expect third quarter 2022 total revenue to be in the range of $26-28.5 billion. Headcount – Headcount was 83,553 as of June 30, 2022, an increase of 32% year-over-year.Cash, cash equivalents, and marketable securities – Cash, cash equivalents, and marketable securities were $40.49 billion as of June 30, 2022.As of June 30, 2022, we had $24.32 billion available and authorized for repurchases. Share repurchases – We repurchased $5.08 billion of our Class A common stock in the second quarter of 2022.Capital expenditures – Capital expenditures, including principal payments on finance leases, were $7.75 billion for the second quarter of 2022.Ad impressions and price per ad – In the second quarter of 2022, ad impressions delivered across our Family of Apps increased by 15% year-over-year and the average price per ad decreased by 14% year-over-year.Facebook monthly active users (MAUs) – MAUs were 2.93 billion as of June 30, 2022, an increase of 1% year-over-year.Facebook daily active users (DAUs) – DAUs were 1.97 billion on average for June 2022, an increase of 3% year-over-year.Family monthly active people (MAP) – MAP was 3.65 billion as of June 30, 2022, an increase of 4% year-over-year.Family daily active people (DAP) – DAP was 2.88 billion on average for June 2022, an increase of 4% year-over-year.Second Quarter 2022 Operational and Other Financial Highlights In millions, except percentages and per share amounts
