Meta Platforms performed a mixed result with earnings below expectations, ending a rather difficult fiscal year. Despite the layoffs, the company’s heavy spending on the metaverse continues to eat into its profits significantly. The management claims that number of daily users of Facebook, Instagram, and WhatsApp is at an all-time high. Facebook's engagement is decent, and it is expanding globally, with over 2 billion daily and approximately 3 billion monthly active users. Given the fact that th ....
14 Feb 2023
Meta Platforms, Inc.: Key Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (02/23)
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Meta Platforms, Inc.: Key Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (02/23)
Meta Platforms Inc Class A (META:NAS) | 0 0 0.0%
- Published:
14 Feb 2023 -
Author:
Ishan Majumdar -
Pages:
27
Meta Platforms performed a mixed result with earnings below expectations, ending a rather difficult fiscal year. Despite the layoffs, the company’s heavy spending on the metaverse continues to eat into its profits significantly. The management claims that number of daily users of Facebook, Instagram, and WhatsApp is at an all-time high. Facebook's engagement is decent, and it is expanding globally, with over 2 billion daily and approximately 3 billion monthly active users. Given the fact that th ....