Meta Is Expected to Post Earnings Drop From Digital Ad Woes

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Meta’s sales slump has accelerated in recent months.Photo: josh edelson/Agence France-Presse/Getty Images

Updated Feb. 1, 2023 1:24 pm ET

Facebook parent Meta Platforms Inc. is expected to post its third quarter in a row of declining sales as it struggles with weak advertiser demand in an increasingly competitive social-media landscape. 

Meta is expected to report quarterly revenue of nearly $31.6 billion, according to analysts surveyed by FactSet, or a 5.5% drop from a year earlier. The company’s sales slump has accelerated in recent months after falling less than 1% in the June quarter and around 4.5% in the three months ended in September. 

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