META Earnings Call - Full Breakdown

Ahoy Metamates! 🚢 🏴‍☠️

🆕 The TLDR This Week

• If C-18 passes in Canada, Meta plans on removing news - more here

• Analysts estimate only 28% of Facebook’s US users are young. - more here

• AR Advertising is now live and it’s pretty cool. - more here

• Zuck is out there whooping ass and winning medals for it - more here.

The King Is Back

Crushing public markets by day, whooping ass in jiu jitsu at night. Mark’s schedule is pretty packed nowadays.

But, despite a strong pickup on the stock, we’re still largely in the danger zone. Fundamentally, Mark bent the knee to analysts and spoke their language - “year of efficiency”, “restructuring and layoffs”, “ look Ma, we’re using AI”. These are all great soundbites. But they don’t change the long term vision for Meta or the cost to get there.

This is not a concession, it’s a clever slight of hand.

This new narrative makes analysts feel like they won and pressured Mark into a surrender. Legions of finance bros with cheap Hermes ties are congratulating themselves somewhere in seedy NY bars because they got the greatest CEO of our generation to bend the knee (or so they think). It works for now. It’s a delicate balance of using AI-generated engagement metrics to detract from the $4B hole that is Reality Labs.

How long will it last? Well, it depends more on the larger economy than you might think.

Now let’s dive into the Earnings call and analysis that followed it.

Let's unpack the numbers and narrative this quarter:

• 📈 📈📈Stock price targets from Goldman, Morgan, JPM and others

• Why Morgan Stanley Loves Meta all of a sudden

• Play by play of key themes in the Earnings call and their meaning

• Is META becoming a value stock now?

• How the economy at large affects META stock

• Which hedge funds just bought more META shares

🔥Hold on a second- you need to be a subscriber to get all the latest research on the stock price, trends and competitive intel for META stock.

See you on the other side of the paywall :)

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