Meta Platforms (FB) 02 (Jun 22 - Dec 26)

[winston]

not vested

Meta Platforms (META)

The company showed a definite slowdown at the top line; revenues slipped 17% from Q4. At the same time, revenues rose year-over-year, with the top line of $27.9 billion coming in 7% higher than 1Q21’s $26.1 billion.

The company’s net income fell, with diluted EPS dropping y/y from $3.30 to $2.72, a loss of 18%.

Growth in monthly average users (MAUs) started to plateau just under 3 billion. In the first quarter of this year, the company reported just 3% growth, to 2.94 billion MAUs.

Where the NASDAQ has fallen 26% year-to-date, META is down 50%.

Tigress analyst Ivan Feinseth rates the stock a Buy along with a $466 price target.

"META has a significant upside driven by the ongoing potential to monetize many of its critical applications and technologies, including Instagram, Messenger, WhatsApp, and Oculus.

28 other analysts join Feinseth on the bull list and with another 7 Holds and 2 Sells, the stock has a Moderate Buy consensus rating.

While the average price target is not as optimistic as the Tigress analyst’s, at $265.86, the figure could still provide gains of 59% over the 12-month timeframe.

Source: Tip Ranks

[winston]

not vested

Analysts Consider Meta Platforms Undervalued And A Recession Hedge

by MATTHEW NORTH

The main criticism the stock has received is due to its slowing revenue growth, fierce competition from TikTok, and its Metaverse investment that likely will not pay off until 2030.

The stock had a peak quarterly EPS of $14; during this time, its P/E was 24.24. Today its P/E stands at just under half that at 12.68 with a slightly reduced EPS of $13.19.

Meta's YoY quarterly growth has fallen sharply for three straight quarters, from 55.60% in Q3'21 down to just 6.64% for Q1'22.

The company has a strong balance sheet with $43.89B worth of cash.

Source: Market Beat

https://www.marketbeat.com/originals/an ... 4A8F75D6B5

[winston]

Meta falls as sales miss estimates in first-ever quarterly drop

by Alex Barinka

Every day, 2.88 billion people are using one of Meta’s social networks.

Reels is currently bringing in advertising revenue at an implied rate of $1 billion a year.

The Reality Labs division, focused on virtual and augmented reality, posted revenue up 48% to 452 million, boosted by headset sales. The unit also reported a loss of US$2.81 billion.

Source: Bloomberg

https://www.theedgemarkets.com/article/ ... terly-drop

[winston]

not vested

Meta Stock Tumbles After First-Ever Revenue Decline, Q2 Earnings Miss, $2.8 Billion Reality Labs Loss

by MARTIN BACCARDAX

Profits for the three months ending in June were pegged at $2.46, down 31% from the same period last year.

Group revenues fell 3% to $28.82 billion.

Source: The Street

https://www.thestreet.com/markets/meta- ... abs%2BLoss

[behappyalways]

TikTok has established itself as one of the top online platforms for U.S. teens, while the share of teens who use Facebook has fallen sharply

Teens, Social Media and Technology 2022
https://www.pewresearch.org/internet/20 ... logy-2022/

[winston]

not vested

Meta Platforms Is Now Priced as a Value Stock: Here's the Trade

META is a cheap stock relative to the marketplace. However, at least for now, this isn't a growth stock.

By STEPHEN GUILFOYLE

15 times forward looking earnings. There is no dividend.

Looking for GAAP EPS of about $1.90 on revenue of $27.6B. If realized, earnings "growth" of -41% on revenue "growth" of -4.8%.

Suffered a 14% contraction in average price per ad.

Source: The Street

https://realmoney.thestreet.com/investi ... he%2BTrade

[behappyalways]

Meta十月推混合實境 虛擬裝置戰國時代開打｜FOCUS午間新聞 20220916
https://m.youtube.com/watch?v=0XtLrnM_UCY

[behappyalways]

Facebook Parent Meta, Google Quietly Cutting Staff
https://www.zerohedge.com/political/fac ... ting-staff


Meta拚減少10%支出！"沒生產力員工"不用來了？經濟趨緩...沃爾瑪招人縮手｜非凡財經新聞｜20220922
https://m.youtube.com/watch?v=k0aujoVLVHs

[behappyalways]

Facebook Announces Hiring Freeze, Warns Of "Team Restructuring", Stocks Slumps
https://www.zerohedge.com/markets/faceb ... ing-freeze

[behappyalways]

Meta Terminating Midtown South Office Lease Amid Cost-Cutting Push
https://www.zerohedge.com/markets/meta- ... tting-push