Meta Platforms, Inc. (META)
| Market Cap | 1.18T |
| Revenue (ttm) | 142.71B |
| Net Income (ttm) | 45.76B |
| Shares Out | 2.54B |
| EPS (ttm) | 17.39 |
| PE Ratio | 26.79 |
| Forward PE | 22.13 |
| Dividend | $2.00 (0.43%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 14,168,760 |
| Open | 464.20 |
| Previous Close | 453.41 |
| Day's Range | 459.42 - 469.77 |
| 52-Week Range | 274.38 - 542.81 |
| Beta | 1.21 |
| Analysts | Strong Buy |
| Price Target | 515.77 (+10.71%) |
| Earnings Date | Jul 31, 2024 |
About META
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a mess... [Read more]
Financial Performance
In 2023, Meta Platforms's revenue was $134.90 billion, an increase of 15.69% compared to the previous year's $116.61 billion. Earnings were $39.10 billion, an increase of 68.53%.
Financial StatementsAnalyst Forecast
According to 41 analysts, the average rating for META stock is "Strong Buy." The 12-month stock price forecast is $515.77, which is an increase of 10.71% from the latest price.
News
What You Need To Know Ahead of Meta's Earnings Report
UPDATE—July 26, 2024: This article has been updated to reflect more recent share price information.
Final Trade: WST, OIH, META, GOOGL
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Meta Platforms Faces A Looming EU Antitrust Fine, Braces For Market Turbulence Yet Surprises With A Steady 28% Year-To-Date Gain
Meta Platforms Inc. META is about to face its first EU antitrust fine. The penalty is due to claims that Meta unfairly combined its Marketplace with Facebook, using its dominant position to push out c...
WhatsApp Reaches 100 Million Users in US
WhatsApp said that as of July, it has 100 million users in the United States. “This milestone has been a long time coming and it proves that WhatsApp is the solution to the cross-platform divide in Am...
What You Need To Know Ahead of Meta's Earnings Report
Meta Platforms (META) is set to report second-quarter earnings after the closing bell on Wednesday, with investors watching for advertising revenue strength and updates on artificial intelligence (AI)...
Meta's head of WhatsApp Will Cathcart on platform reaching 100M users, growth plans and AI upgrade
CNBC's Julia Boorstin with Meta's Will Cathcart, joins 'Power Lunch' to discuss Whatsapp data, growth plans and reaching 100 million users.
Report: Meta Facing EU Fine for Linking Facebook and Marketplace
Meta Platforms is reportedly facing its first antitrust fine in the European Union (EU). That fine could be handed down in a few weeks in response to the company connecting its classified ad service ...
EssilorLuxottica CEO says Meta would be welcome as shareholder
The head of eyewear company EssilorLuxottica said he would welcome Meta as a shareholder after media reports that the U.S. tech company planned to take a small stake in the group.
Earnings Previews and Progress: Meta and Visa
Oliver Renick and Tom White are joined by Lisa Schreiber on Morning Trade Live to take a closer look at an earnings preview for Meta, and how A.I. path progress could play a big role for the company.
Exclusive: Meta to be hit with first EU antitrust fine for linking Marketplace and Facebook, sources say
Meta Platforms is set to be hit in a few weeks with its first EU antitrust fine for tying classified advertisements service Marketplace with its Facebook social network, people with direct knowledge o...
Meta oversight board wants deepfake rules for AI Age
Meta's oversight board on Thursday called on the tech titan to bring its rules regarding porn deepfakes out of the "photoshop" days and into the era of artificial intelligence.
Meta Platforms AI Ambitions Soar With Llama 3.1: An 'Inflection Point In The Industry'
Meta Platforms Inc META is making waves again, this time with its latest AI advancements.
Facebook marketing partner on the potential slowdown in digital ads
Gil David, Owner of Run DMG, discusses a potential slowdown in the digital advertising market following results from Alphabet.
Oversight Board wants Meta to refine its policies around AI-generated explicit images
Following investigations into how Meta handles AI-generated explicit images, the company's semi-independent observer body, the Oversight Board, is now urging the company to refine its policies around ...
US lawmakers urge Meta to delay shutting down transparency tool
US lawmakers voiced "concern" Wednesday over Meta's decision to shut down CrowdTangle—a digital tool considered vital in monitoring falsehoods –- in a major election year, urging the tech giant to del...
Meta's Zuckerberg Aims to take on OpenAI, Google With New Llama AI Model
Facebook parent company Meta debuted a new and powerful AI model that CEO Mark Zuckerberg called “state of the art” and said will rival similar offerings from competitors like OpenAI and Alphabet's Go...
How Meta's Game-Changing AI Model Could Enhance Developer Freedom, Propel Privacy Standards, And Surge Stock Performance
Meta Platforms Inc META has unveiled its latest AI innovation, Llama 3.1 405B, marking a significant step towards making artificial intelligence technologies more accessible.
Meta launches open-source AI app ‘competitive' with closed rivals
Tech firm says its freely available and usable Llama 3.1 405B model is comparable with likes of OpenAI and Anthropic
Meta's Reality Labs division has bled $45B in just four years
As anticipation builds around artificial intelligence ahead of Big Tech earnings, Meta Platforms (META) finds itself in the spotlight. The company's Reality Labs division, which specializes in augment...
Meta Unveils New Open AI Model That Rivals OpenAI and Google Models
Meta (META) unveiled Llama 3.1, its most capable open-source artificial intelligence (AI) model yet, on Tuesday.
Meta Unveils Llama 3.1, Challenging Closed-Source AI Giants
Meta has challenged the artificial intelligence status quo by releasing Llama 3.1, unveiling a 405 billion parameter open-source model that aims to rival closed-source AI leaders. In a Tuesday (July 2...
Zuckerberg Aims to Rival OpenAI, Google With New Llama AI Model
Facebook parent company Meta debuted a new and powerful AI model that CEO Mark Zuckerberg called “state of the art” and said will rival similar offerings from competitors like OpenAI and Alphabet's Go...