8-KEarnings & ResultsExhibits & Filings

Meta Platforms, Inc. 8-K Report, Financial Results (Jul 27, 2016)

Filed July 27, 2016For Securities:META

Summary

This 8-K filing from Facebook, Inc. (now Meta Platforms, Inc.) on July 27, 2016, primarily serves to furnish a press release detailing the company's financial results for the quarter ended June 30, 2016. The press release, attached as Exhibit 99.1, is the core of this filing and contains the operative financial information. Investors should note that the company is referencing non-GAAP financial measures, with a reconciliation to GAAP provided within the press release itself, which is a common practice for companies to offer a clearer view of operational performance excluding certain items. The filing also reiterates Facebook's use of its investor relations website (investor.fb.com), newsroom website (newsroom.fb.com), and Mark Zuckerberg's Facebook Page for disclosing material non-public information, ensuring compliance with Regulation FD.

Key Highlights

  • 1Facebook (META) filed an 8-K on July 27, 2016, to report its Q2 2016 financial results.
  • 2The key financial details are provided in an attached press release (Exhibit 99.1).
  • 3The company will host a conference call to discuss these results.
  • 4Facebook is utilizing non-GAAP financial measures in its reporting, with reconciliations to GAAP provided.
  • 5The filing confirms the company's established channels for disclosing material information, including its investor relations website and Mark Zuckerberg's Facebook page.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially release Facebook's financial results for the second quarter of 2016, which concluded on June 30, 2016. This is done by furnishing a press release (Exhibit 99.1) and announcing a conference call.

This 8-K itself does not contain the detailed financial numbers. The specific financial results, including revenue, earnings per share, and other key metrics for Q2 2016, are located within the press release furnished as Exhibit 99.1 to this report.

Non-GAAP financial information refers to financial metrics that exclude certain items from the standard GAAP (Generally Accepted Accounting Principles) reporting. Companies use these measures to provide a clearer view of their core operational performance. A reconciliation to show how the non-GAAP numbers relate to the official GAAP numbers is included in the press release.

The actual financial results are detailed in the press release attached as Exhibit 99.1. You would typically find information about the conference call, including dial-in details or webcasts, within that press release or on Facebook's investor relations website (investor.fb.com).