Meta Platforms (FB); Former Facebook

[winston]

not vested

Meta shares jumped about 7% in extended trading on Wednesday after the company beat Wall Street estimates for revenue and profit and issued a better-than-expected forecast for the current period.

The company reported second-quarter revenue growth of 22% from $32 billion a year earlier, marking a fourth straight quarter of growth in excess of 20%.

Advertising revenue, which comes largely from the Facebook and Instagram apps, rose 22% from a year earlier.

Net income jumped 73% to $13.47 billion from $7.79 billion, or $2.98 a share, a year earlier.

Meta provided revenue guidance for the third quarter of $38.5 billion to $41 billion, or $39.75 billion at the middle of the range.

Analysts were expecting a forecast of of $39.1 billion.

Source: Phillips

[behappyalways]

Meta Bans Russia's RT From Facebook, Instagram Following Biden Admin Directive
https://www.zerohedge.com/geopolitical/ ... -directive

[behappyalways]

Meta exposed AR glasses!
Jen-Hsun Huang praised: Only 100 grams of super powerful AI has taken the world by storm!
Zuckerberg spent a lot of money to grab Huida chips

Meta曝光AR眼鏡! 黃仁勳大讚:僅100公克超厲害 AI席捲全球! 祖克柏狠砸重金 瘋搶輝達晶片 │記者 林芷綺│【國際焦點】20240926｜三立新聞台

https://m.youtube.com/watch?v=zEbNPopMXxo

[behappyalways]

Challenge your wits! Meta’s first AR glasses prototype has eye-catching new AI features

挑戰智機! Meta首款AR眼鏡原型 AI新功能吸睛｜方念華｜FOCUS全球新聞 20240926 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=H5KALCwva-w

[behappyalways]

Meta video generation model "Movie Gen" is here
Focusing on generating high-quality videos from simple text, challenging OpenAI "Sora"
Meta has soared this year, and the stock has increased by more than 70%

Meta影片生成模型"Movie Gen"來了 主打簡單文字生成高品質影片 挑戰OpenAI"Sora" Meta今年變飆股漲逾7成｜非凡財經新聞｜20241006

https://m.youtube.com/watch?v=1rWUJYKmJcQ

[behappyalways]

Why Meta And Snap Are Betting Big On AR Glasses
https://m.youtube.com/watch?v=KUt6ktzSEVc

[behappyalways]

Meta Beats On Revenue, Misses On Ad Impressions, Raises CapEx Forecast; Stock Falls As Everyone Is Already Long
https://www.zerohedge.com/markets/meta- ... ne-already

[winston]

not vested

The Magnificent Seven’s Fate After Election Day

by Eric Fry

(META) also announced third-quarter earnings on Wednesday.

Even though the company reported the lowest year-over-year growth since the second quarter 2023, it still delivered $6.03 earnings per share and $40.59 billion in revenue.

CEO Mark Zuckerberg emphasized significant AI investments, including substantial spending on Nvidia GPUs, while noting potential challenges with user numbers and anticipated infrastructure expenses for 2025.

All of which led to a slight dip in after-hours trading.

Source: Smart Money

[winston]

not vested

Facebook - Stock Analyst Research
Target Price* 640.00
Recommendation ACCUMULATE

Meta Platforms Inc. – More monetisation opportunities ahead

3Q24 results outperformed, with META’s US$40.6bn revenue at the high end of its guidance range.

META’s net margin grew by 5% points YoY, even with a 9% increase in headcount.

9M24 revenue/PATMI were at 73%/79% of our FY24e forecasts.

AI driving better ad performance, leading to higher average ad prices (+11% YoY).

Average price per ad growth accelerated for a fourth straight quarter.

We increase our FY24e revenue/PATMI forecast by 2%/14% due to stronger Ad revenue and more cost efficiencies.

We maintain our ACCUMULATE rating, while our DCF target price is raised to US$640 (prev. US$555). Our growth rate assumption is also increased to 5% (prev. 4.5%).

Like GOOGL, we view META as a leader in AI, given its best-in-class AI infrastructure and LLM (Llama 3.2) and its ability to leverage AI technology to improve existing product monetization effectively.

Source: Phillips

https://www.poems.com.sg/stock-research/META/

[behappyalways]

Meta Plans $10 Billion Undersea Global Fiber Network In "W" Formation To Avoid Sabotage
https://www.zerohedge.com/technology/me ... d-sabotage