Meta Platforms, Inc. (META)
| Market Cap | 1.60T |
| Revenue (ttm) | 156.23B |
| Net Income (ttm) | 55.54B |
| Shares Out | 2.52B |
| EPS (ttm) | 21.18 |
| PE Ratio | 29.85 |
| Forward PE | 25.96 |
| Dividend | $2.00 (0.32%) |
| Ex-Dividend Date | Dec 16, 2024 |
| Volume | 5,532,050 |
| Open | 623.41 |
| Previous Close | 616.46 |
| Day's Range | 619.55 - 633.50 |
| 52-Week Range | 385.66 - 638.40 |
| Beta | 1.19 |
| Analysts | Strong Buy |
| Price Target | 650.95 (+3.0%) |
| Earnings Date | Jan 29, 2025 |
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 46 analysts, the average rating for META stock is "Strong Buy." The 12-month stock price forecast is $650.95, which is an increase of 3.00% from the latest price.
News
Meta Q4 Preview: The Social Media Empire Is Burgeoning, But I Want Better Value
Meta Platforms, Inc.'s Q4 2024 is poised to show 24% revenue growth YoY, driven by AI-driven user engagement and strong daily active user metrics. Reality Labs poses high-risk, high-reward potential; ...
Meta backs Databricks as the data analytics startup inches toward IPO
Meta has invested in data analytics software company Databricks. The two companies work together on Llama open-source artificial intelligence models.
MSFT, GOOGL and META Forecast – Major Tech Stocks Ready to Move
In the early hours of Wednesday, it looks as if the larger tech stocks in the US are ready to continue to go higher. Ultimately, they are all in an uptrend, and this looks like it will continue, altho...
Meta Stock Is a Top AI Pick, Analyst Says. Why TikTok Drama Is Another Tailwind.
Meta stock is up 5% so far this year and momentum is looking strong, Jefferies analysts say.
Meta ex-COO Sandberg sanctioned in investor lawsuit for deleting emails
Meta Platforms' former chief operating officer, Sheryl Sandberg, was sanctioned by a judge on Tuesday for deleting emails related to litigation over Facebook's Cambridge Analytica privacy scandal, des...
Meta COO Sheryl Sandberg sanctioned by judge for allegedly deleting emails
A Delaware judge has sanctioned Sheryl Sandberg, Meta's former COO and board member, for allegedly deleting emails related to the Cambridge Analytica privacy scandal.
Meta executives try to reassure advertisers after CEO Mark Zuckerberg's free speech makeover
Meta executives met with advertisers in recent days to reassure them following some company changes. Meta has cut third-party fact-checkers and replaced them with community notes.
Meta is building Oakley smart glasses for athletes: report
Meta's Reality Labs is expanding its lineup of AI smart glasses with a new pair of Oakley-branded spectacles targeted at athletes, according to Bloomberg's Mark Gurman.
Meta: Entering 2025, The Market Is Again Underrating Zuckerberg And The Company
Consensus estimates for Meta's 2025 are too low, baking in significant revenue slowdown and margin contraction. The market is once again underestimating the company's dominant position in digital adve...
Meta's Community Notes Shift
Meta ends its third party fact-checking in the US but says Europe's fact-checking structure will remain the same for now. Bloomberg's Kurt Wagner joins Caroline Hyde and Mike Shepard on "Bloomberg Tec...
Here's why Meta is still an 'underweight' at Needham
Laura Martin, senior internet and media analyst at Needham, joins ‘The Exchange' to discuss why she has a 'buy' rating on Apple, whether TikTok ban could benefit other social media platforms, and more...
Meta will pay some TikTok creators to post on Instagram and Facebook. Here are the details.
Meta will pay TikTok creators who post on Instagram and Facebook with a new program. The "Breakthrough Bonus" will pay eligible creators up to $5,000 within a 90-day period.
Meta lures TikTok creators with $5K bonuses, content deals, free verification
Meta is luring TikTok creators over to its platforms with the promise of cash bonuses, content deals, and support to grow their communities. The company announced on Tuesday that eligible TikTok creat...
Meta will soon let you link your WhatsApp account with Instagram and Facebook
Meta announced on Tuesday that users will soon be able to add their WhatsApp account to their Accounts Center, a hub where users can manage connected experiences across their Facebook, Instagram, and ...
Trump's AI Race Is Bullish For Clean Energy In 2025
Trump's pro-AI stance will drive massive electricity demand, benefiting both fossil fuels and renewables, contrary to market fears. AI's energy needs will require significant investment across all ene...
TikTok Gets a 75-Day Reprieve From Trump. How Meta and Snap Stocks Are Reacting.
TikTok still isn't available on the App Store or Google Play, despite the 47th President signing an executive order to unban it on Monday.
Meta Makes 'Intense Year' Forecast And Big Layoffs
Recently, Zuckerberg has mentioned that Meta will be facing an “intense year” as the company makes massive AI investments and launches new products. The company is looking to cut its headcount by 5% w...
Meta Will Continue Fact-Checking Outside the U.S.
Meta's use of fact checkers will reportedly continue, at least outside the U.S. The social media giant has decided to phase out fact-checking in the U.S.
Meta confirms it will keep fact-checkers outside the U.S. ‘for now'
Meta says it plans to keep its fact-checking program in place outside the U.S. for the time being, though it could eventually expand it elsewhere.
Facebook, X, YouTube to do more against online hate speech, EU says
Meta's Facebook, Elon Musk's X, Google's YouTube and other tech companies have agreed to do more to tackle online hate speech under an updated code of conduct that will now be integrated into EU tech ...
Meta's Mendelsohn on Fact-Checking, AI, EU Regulation, DEI
Nicola Mendelsohn, head of the global business group at Facebook and Instagram-owner Meta, says the company doesn't plan to change fact-checking practices outside the US "at the moment." Mendelsohn al...
Instagram Debuts New Video-Editing App, as TikTok Deals With a Ban
Instagram on Sunday rolled out Edits, a video-editing product that appeared similar to CapCut, which is owned by TikTok's parent company, ByteDance.
Meta announces a new video editing app called Edits amidst TikTok and CapCut ban
Meta today announced a new video editing app called Edits, after ByteDance's video editing app CapCut was removed from Apple's App Store and the Google Play Store as part of the TikTok ban.
FBY: Collecting Higher Income From Meta Comes With Tradeoffs
FBY: Collecting Higher Income From Meta Comes With Tradeoffs
Meta and Snap stock prices sink despite the TikTok ban being upheld by the Supreme Court
Today, the United States Supreme Court announced its ruling to uphold the TikTok ban. The ruling means that on Sunday, January 19, Apple, Google, and other tech companies will be liable for heavy fine...