Re:Meta Earning Results Q3 2022 [pdf]
by NovemberWhiskey on Wednesday October 26, 2022 @06:20PM
(#33350382)
>They don't explain this here, but they did in Tesla earnings
It's in the first bullet point on page 2:
Revenue was $27.71 billion, a decrease of 4% year-over-year, and an increase of 2% year-over-year on a constant currency basis. Had foreign exchange rates remained constant with the third quarter of 2021, revenue would have been $1.79 billion higher.
EDIT: who thinks there would still be explanatory wording added here if forex rates had moved the other way and revenues had gone up ... ?
It's in the first bullet point on page 2:
Revenue was $27.71 billion, a decrease of 4% year-over-year, and an increase of 2% year-over-year on a constant currency basis. Had foreign exchange rates remained constant with the third quarter of 2021, revenue would have been $1.79 billion higher.
EDIT: who thinks there would still be explanatory wording added here if forex rates had moved the other way and revenues had gone up ... ?