- Facebook’s daily active users reached 2.11 billion, marking a 5.5% increase year on year, beating the estimated 2.07 billion.
- Facebook’s monthly active users were reported at 3.07 billion, a 3.7% increase year on year, slightly above the estimated 3.06 billion.
- Ad impressions saw a 21% increase compared to last year, slightly lower than the estimated 24.6%.
- The average price per ad rose by 2%, compared to a 22% decrease last year, surpassing the estimated decrease of 4.12%.
- The Average Family service users per day were 3.19 billion, a 7.8% increase year on year, higher than the estimated 3.11 billion.
- The Average Family service users per month were 3.98 billion, a 6.4% increase year on year, slightly above the estimated 3.93 billion.
- Meta Platforms expects the total revenue for the first quarter of 2024 to be between $34.5 billion and $37 billion.
- The company expects the total expenses for the full year 2024 to be between $94 billion and $99 billion, which is unchanged from their prior outlook.
- The estimated capital expenditures for the full year 2024 will be between $30 billion and $37 billion, a $2 billion increase from the high end of their prior range.
- Due to increased capital investments in recent years, the company expects depreciation expenses in 2024 to increase by a larger amount than in 2023.
- In post-market trading, shares rose 4.2% to $411.55 on 55,749 shares traded.
- Currently, there are 63 buys, 7 holds, and 3 sells on the company’s shares.
A look at Meta Platforms (Facebook) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Meta Platforms (Facebook) has a bright long-term outlook, according to the Smartkarma Smart Scores. With an overall score of 3 out of 5, the company is expected to perform well in the future. The company’s strengths lie in its momentum and resilience, with scores of 5 and 4 respectively. This indicates that Meta Platforms is showing strong growth and is able to withstand challenges.
As a social technology company, Meta Platforms is constantly evolving and expanding its reach. It offers a range of applications and technologies that help people connect, find communities, and grow businesses. Additionally, the company is involved in advertisements, augmented and virtual reality, which allows it to tap into new markets and revenue streams. With a score of 2 for value, investors can expect a good return on their investment in Meta Platforms.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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