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Revenue segments as reported by the company.

Advertising

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

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Earnings data Q4 2024

Meta reports $32.2B revenue in Q4 2022, focuses on efficiency and metaverse growth

Meta's Q4 2022 performance showed strong revenue but challenges in ad revenue and regulatory compliance.
Emphasis on efficiency, AI, and the metaverse highlights strategic strengths and growth opportunities.
Efforts to mitigate challenges from ATT changes and regulatory issues are underway.
Transition to focusing on top-line growth while enhancing efficiency signals a strategic shift.

Meta reports steady Q1 earnings amidst macro challenges and opportunities

Meta Platforms delivered stable financial performance with revenue growth and strong operating income.
Challenges persist from a volatile macro environment and regulatory uncertainties.
Opportunities lie in expanding messaging ads, improving efficiency, and navigating currency tailwinds.
Strategic focus on operational improvements and long-term financial discipline remains key.

Meta (META) reports robust Q2 earnings, eyes AI and Metaverse

Meta's Q2 performance reflects strong financial results driven by ad performance and operational efficiencies, with a strategic focus on AI and Metaverse development.
Despite challenges in the Reality Labs segment, the company's emphasis on long-term investments and product innovation positions it well for future growth.
Opportunities in AI investments, developer engagement, and revenue growth present avenues for Meta to capitalize on its strengths and navigate challenges effectively.

Meta reports robust Q3 earnings amidst geopolitical challenges and AI innovations

Meta's Q3 2023 performance reflects strong revenue growth driven by ad revenue in the Family of Apps segment, despite challenges in the Reality Labs segment and geopolitical uncertainties.
The company's strengths lie in AI innovation, product development, and user engagement strategies, while challenges include operational losses, geopolitical risks, and regulatory changes.
Opportunities for Meta include technological investments, upcoming product launches, and advancements in AI capabilities, positioning the company for continued growth and market leadership.
Overall, Meta's focus on efficiency, innovation, and market responsiveness underscores its commitment to delivering value to users and investors amidst a dynamic business landscape.

Meta reports robust Q4 earnings, focuses on AI innovation

Meta's Q4 2023 performance reflects strong revenue growth and profitability, driven by its ad business and AI advancements, with a focus on efficiency and stability for the future.
While facing challenges in managing expenses and maintaining profitability, Meta is strategically planning for long-term success by minimizing headcount additions and investing in key areas.
The company's opportunities lie in enhancing e-commerce advertising, introducing dividends, and expanding messaging monetization strategies, aligning with its vision for future technology products.

Meta reports robust Q1 earnings, eyes AI innovation for growth

Meta's Q1 performance reflects strong revenue growth and a focus on AI advancements, despite challenges from regulatory issues and TikTok events.
The company's strengths lie in its positioning as a leading AI company, strategic innovation in Reality Labs, and partnerships for growth opportunities.
While facing challenges in regulatory risks and monetizing AI services, Meta sees opportunities in evolving AI capabilities and expanding monetization avenues.

Meta reports strong Q2 earnings, eyes growth through AI and metaverse

Meta delivered a robust performance in Q2, showcasing strong revenue growth and a focus on innovation through AI and metaverse initiatives.
While facing challenges like foreign currency headwinds and evolving consumer expectations, Meta's strengths in AI technology and metaverse products position it well for future growth.
Opportunities lie in personalized experiences, industry collaborations, and market expansion, indicating a promising outlook for Meta's continued success.

Meta reports robust Q3 earnings, eyes AI growth opportunities

Meta's Q3 2024 earnings call highlighted strong financial performance, product momentum, and growth prospects.
While facing challenges in the Reality Labs segment and high expenses, Meta is focused on innovation and monetization strategies.
Opportunities lie in AI applicability, infrastructure investments, and optimizing revenue streams for sustained growth.
Overall, Meta's strategic focus on product development and user experience positions it for continued success and expansion.

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Meta Platforms, Inc. engages in the development of social media applications. It builds technology that helps people connect and share, find communities, and grow businesses. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The FoA segment consists of Facebook, Instagram, Messenger, WhatsApp, and other services. The RL segment includes augmented, mixed and virtual reality related consumer hardware, software, and content. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004, and is headquartered in Menlo Park, CA.

Meta Platforms hopes to reclaim its membership in the $1 trillion club. The company's artificial intelligence (AI) efforts could be key to achieving that goal.

Here's the Next AI Stock Most Likely to Join the $1 Trillion Club (Besides Nvidia)

C3.ai

AppLovin Corp

BigBear.ai Holdings

Palantir Technologies

The broad adoption of generative AI has created a gold rush for everything artificial intelligence -- and investors are looking for profits. While Nvidia remains the golden child of AI, there are plenty of opportunities out there.

AI Has Helped These 5 Growth Stocks (Not Named Nvidia) Double So Far in 2023. Is There More to Come?

Apple

Apple and Meta Platforms are the two main players in the virtual reality (VR) space, with Apple launching its Vision Pro headset and Meta offering the Quest series. Both companies target different market segments and customer bases, with Apple focusing on the high-end market and Meta aiming for affordability, allowing room for both to profit in the VR industry. Taking into account the VR offerings, competitive landscape, and valuations, I consider Apple a better buy than Meta, although Meta has a stronger first-mover advantage in the VR market.

Apple Vs. Meta: Which VR Stock Is Better?

Screenshots of the app, which emphasizes safety and reliability, look a bit like Twitter.

Meta's Twitter Challenger—Nicknamed ‘Project 92'—Could Launch Soon: Here's What To Know

Mark Zuckerberg announced nearly two years ago that Facebook had rebranded to become Meta. The rebrand reflected Meta's decision to invest heavily in its metaverse business.

Mark Zuckerberg's net worth has dropped from $118 billion to $96 billion since he rebranded Facebook as Meta

Meta has reportedly demonstrated its upcoming text-based app to employees. The app was shown during an all-hands meeting Thursday (June 8) and was said to be “Meta's response to Twitter,” The Wall Street Journal (WSJ) reported Friday (June 9).

Report: Meta Demonstrates Text-Based App to Employees While Preparing Launch

Amazon

Alphabet

Microsoft

NVIDIA

Tesla

This elite group of 7 mega-cap companies currently accounts for 27.5% of the S&P 500 index's total market capitalization and is expected to bring in 16.2% of the index's total earnings this year.

Breaking Down The Big 7 Tech Players' Outsized Roles

Advanced Micro Devices

Verizon

Retail investors are returning to the stock market as a new bull market begins and sentiment improves. "With an average flow into US markets of $1.36 billion per day over the past week, retail traders are officially back in the mix," Vanda Research said.

Retail investors are piling into these 10 stocks as a new bull market gets started

That was Meta Platforms Inc. META, +0.11% CEO Mark Zuckerberg discussing the announcement of Apple Inc.'s AAPL, +0.33% new Vision Pro headset during an interview with podcaster Lex Fridman on Thursday.

Mark Zuckerberg says Meta could be ‘primary beneficiary' of Apple Vision Pro release

Only 26% of Meta employees are confident in company leadership, The Washington Post reported. The falling morale follows months of layoffs and spending cuts at the company.

Only 26% of Meta employees are confident in Mark Zuckerberg and company leadership, according to a new report

Meta this week showcased its work on new generative AI technologies for its consumer products including Instagram, WhatsApp, and Messenger, as well as those being used internally at the company.

Meta previews generative AI tools coming to WhatsApp, Messenger and Instagram, plus internal AI tools

Royal Caribbean Cruises

SPDR S&P 500 ETF Trust

The S&P 500 entered a new bull market, ending the longest bear streak since the 1940s.

S&P 500 ETF Enters Bull Market: 5 Best Stocks YTD

Meta Platforms Inc. picked up more praise at Citi Research Friday, with analysts there adding the social-media stock to their list of highest-conviction ideas.

Meta's stock deemed a high-conviction buy at Citi, as strategy remains ‘underappreciated'

Mark Zuckerburg's Meta revealed plans to launch an app that will rival Twitter during a companywide meeting. The app's internally called Project 92 and is rumored to be named Threads upon release.

Meta jabs Elon Musk as it reveals new, Twitter-like app: a platform that is sanely run'

Meta move is response to Oprah Winfrey and other public figures reportedly wanting platform that is ‘sanely run'

Facebook owner to push ahead with plans to launch Twitter rival

Meta CEO Mark Zuckerberg and other executives unveiled a new app to compete with Twitter, a number of AI tools, and addressed the launch of Apple's new mixed reality headset, The Wall Street Journal reported.

Apple, AI, Metaverse: Meta's Identity Crisis Is Getting Worse Not Better.

Meta is set to appeal Kenya's court decision declaring it as the primary employer of the moderators that review content on its platforms in sub-Saharan Africa. Meta has filed a notice of appeal against the ruling made last week on orders issued in March.

Meta to appeal court ruling declaring content moderatos as its employees

Meta Platforms Inc (NASDAQ:FB) has unveiled multiple artificial intelligence (AI) tools for its Instagram, WhatsApp and Facebook social media platforms. The tech giant has so far only showcased two new chatbots, similar to ChatGPT, to employees at a company meeting, showing how they can converse with users on WhatsApp and Facebook Messenger.

Meta unveils AI features for Instagram, WhatsApp and Facebook

Meta chief Mark Zuckerberg on Thursday told employees that while Apple's mixed reality gear may be nice, it is not his vision of the future, according to US media reports.

Meta's Zuckerberg shakes off Apple Vision Pro: report

In a time when many investors talk about the next US recession, the stock market ignores all the traditional warnings and keeps marching higher. For example, the S&P 500 index is up over +11% YTD, a spectacular performance given all the recessionary fears in the market.

The “Magnificent 7” – mega-tech stocks that led the market higher

Employees get preview of chatbots similar to ChatGPT for Messenger and WhatsApp

Struggling Meta showcases new AI tools at company meeting

Separately, Chief Executive Mark Zuckerberg criticizes Apple's Vision Pro headset, saying Meta has tried to make products affordable.

Meta Reveals Twitter Competitor Planned as Stand-Alone App

In a meeting on Thursday, Meta CEO Mark Zuckerberg told employees about the company's artificial intelligence efforts and their relation to the metaverse.

Meta CEO Mark Zuckerberg touts to employees 'incredible breakthroughs' the company has seen in A.I.

Mark Zuckerberg said Meta is building generative AI into all products and reaffirmed an "open science-based approach" to AI research.

Zuckerberg says Meta building generative AI into all its products, recommits to ‘open science'

In an internal all-hands meeting, the chief executive explained his plans for artificial intelligence, the metaverse and rebooting Meta's culture.

News for Meta Stock (META)