Social media giant Meta (META) reported its first quarter results after the bell on Wednesday, beating on the top and bottom lines.
But the company also raised its full-year capital expenditure estimates to between $64 billion to $72 billion, up from $60 billion to $65 billion. Despite fears of an advertising slowdown amid tariff uncertainty, Meta says it anticipates Q2 revenue of between $42.5 billion and $45.5 billion, ahead of Wall Street's expectations of $44 billion. $META Meta Q1 FY25: 👨👩👧👦 Daily active people +6% Y/Y to 3.43B. 👀 Ad impressions +5% Y/Y. • Revenue +16% Y/Y to $42.3B ($1.0B beat). • Operating margin 41% (+4pp Y/Y). • EPS $6.43 ($1.21 beat). • FY25 Capex: $64-$72B (prev. $60-$65B).
Meta's Record Run
The shares are coming off a rally of 16 straight sessions, the longest streak of any current Nasdaq 100 Index company going back to 1990. The stock added more than 17% over the surge, bringing its market capitalization above $1.8 trillion. source : bloomberg
As Facebook turns 21, here's a look at the growth of $10k in $META since its IPO in May 2012.
As a reminder, this stock saw a 76% drawdown from late 2021 to late 2022. It has rallied nearly 700% since its 2022 low. source : bespoke
Meta Platforms $META is seeking as much as 4 gigawatts of new nuclear energy to run data centers and support the 🇺🇸 electric grid, starting in the early 2030s
Bloomberg, Evan @StockMKTNewz
$META is developing an AI search engine to lessen reliance on Google and Microsoft.
#meta #nvda #googl
$META is up 70% this year and has soared 550% since bottoming in October 2022
If you invested $10,000 in October 2022, you would have over $65,000 Source: Stocktwits
All it took was a little rebranding. $META
Source: Trend Spider
JUST IN: *META, APPLE REPORTEDLY DISCUSSED AI COOPERATION - WSJ
The Wall Street Journal is reporting that Apple and Meta have discussed a partnership that would see Meta AI models integrated into iOS 18 for Apple Intelligence. This integration would likely be similar to the deal Apple has struck with ChatGPT, which is currently the only third-party partner for Apple Intelligence.
