8-KEarnings & ResultsExhibits & Filings

Meta Platforms, Inc. 8-K Report, Financial Results (Oct 30, 2018)

Filed October 30, 2018For Securities:META

Summary

This 8-K filing by Facebook, Inc. (now Meta Platforms, Inc.) on October 30, 2018, primarily serves to furnish a press release announcing the company's financial results for the quarter ended September 30, 2018. Investors should note that this information, including the press release itself (Exhibit 99.1), is furnished and not officially "filed" with the SEC for purposes of Section 18 of the Exchange Act, meaning it's not subject to the same liabilities. However, it's crucial for understanding the company's recent performance as presented to the market. The filing also highlights that Facebook is using non-GAAP financial measures in its earnings release and conference call, with a reconciliation to GAAP provided in the furnished press release. This is standard practice for many companies to offer a view of performance that excludes certain items, but investors should always consult the GAAP figures for a complete picture and understand the nature of the adjustments made. The company also directs investors to its investor relations website and newsroom for ongoing disclosures, including material non-public information.

Key Highlights

  • 1Facebook, Inc. (now Meta Platforms, Inc.) released its Q3 2018 financial results via a press release on October 30, 2018.
  • 2The press release, furnished as Exhibit 99.1, contains the company's financial performance for the quarter ending September 30, 2018.
  • 3Information furnished under Item 2.02 is not considered "filed" for purposes of Section 18 of the Exchange Act.
  • 4The company is referencing non-GAAP financial information, with reconciliations to GAAP provided in the press release.
  • 5Investors are directed to specific company websites (investor.fb.com, newsroom.fb.com) and Mark Zuckerberg's Facebook Page for future disclosures.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially furnish Facebook's press release detailing its financial results for the third quarter of 2018, which concluded on September 30, 2018. This provides investors with the official announcement of the company's performance for that period.

When information is 'furnished' under Item 2.02 of an 8-K, it means the company is providing it to the SEC and the public but it is not subject to the strict liability provisions of Section 18 of the Securities Exchange Act of 1934. This is a common practice for earnings releases, but investors should still treat the information as material.

No, the press release and conference call will make reference to non-GAAP financial information. A reconciliation of these non-GAAP figures back to the official GAAP (Generally Accepted Accounting Principles) results is provided within the press release itself (Exhibit 99.1) for transparency.

Facebook directs investors to utilize its investor relations website (investor.fb.com), its newsroom website (newsroom.fb.com), and Mark Zuckerberg's personal Facebook Page for ongoing disclosures, including material non-public information, in compliance with Regulation FD.