Meta stock

The Facebook parent company is continuing a major rebrand of its products and focusing more heavily on the metaverse.

“We’re focused on growing Reels as a major part of the discovery engine vision,” Zuckerberg said. “Primarily this is laying the groundwork for what I would expect to be a very exciting 2030,” he said. Its chief executive officer, Mark Zuckerberg, has announced the Meta will focus more heavily on the metaverse, a virtual reality platform, rather than its core social media business. Earlier this month Meta announced plans for monetizing the metaverse – including a creator fund to allow users to monetize their virtual reality creations. The company was also seeking to enhance its video algorithm systems to improve content suggestions. “The upside for Meta is that it still has a strong amount of cash on hand which will allow it to invest towards its vision – if it can stay the course and remain committed to that vision,” he said.

(Bloomberg) -- Facebook's main social network added more users than projected in the first quarter, potentially staving off concerns that the company is ...

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Facebook parent Meta's first quarter profit and its count of daily users jumped past Wall Street's expectations despite the company's slowest revenue growth ...

In the past, users would only see posts from accounts they follow, but TikTok has shown that artificial intelligence can make for an effective recommendation engine that keeps people coming back for more. That's down 21% from $9.5 billion, or $3.30 per share, in the same period a year earlier. Facebook had 1.96 billion daily active users on average for March 2022, an increase of 4% year-over-year. Apple's recent privacy changes to its iPhone software iOS have made it harder for companies like Meta to track people for advertising purposes, which also puts pressure on the company's revenue. This mainly refers to Meta's Reality Labs segment, which encompasses its futuristic "metaverse" project. Meta cut a sharp contrast with Google parent Alphabet, which on Monday reported what analysts called disappointing earnings, with profit below Wall Street's expectations.

After reporting its slowest revenue growth as a public company, Facebook CEO Mark Zuckerberg said the company would dial back its spending and focus on ...

For Reality Labs, Zuckerberg said the next major hardware product would be a high-end mixed reality headset codenamed Cambria later this year. Combined with the rise of TikTok, brand safety concerns, and a shift in social media user behavior, there’s a perfect storm heading straight for Meta’s ad revenues.” It’s clear that, in the short term, Zuckerberg believes that copying TikTok will revive its growth. After reporting its first-ever drop in daily users for the fourth quarter of 2021, the blue app managed to grow daily users by just 4 percent to 1.96 billion last quarter, while daily users across Instagram, WhatsApp, and Facebook ticked up slightly from 2.82 billion to 2.87 billion. If his core business of ad-driven social media was growing like it was in years past, investors might have responded positively to the Meta pivot. Meta will “slow the pace of some of our investments” due to “our current business growth levels,” Zuckerberg said during the company’s first-quarter earnings call Wednesday. Meta’s profits for the first quarter were $7.5 billion, down 21 percent from the year-ago period.

PayPal — Shares of PayPal gained 3.2% after reporting adjusted earnings per share that fell in line with analysts' estimates and a beat on revenue. The company ...

Ford — The automaker's stock rose 4% after reporting adjusted earnings per share of 38 cents on $32.1 billion in revenues in the first quarter. PayPal — Shares of PayPal gained 3.2% after reporting adjusted earnings per share that fell in line with analysts' estimates and a beat on revenue. Qualcomm — Shares of the semiconductor rose 5% after hours following a beat on the top and bottom lines in the recent quarter driven in part by Android phone chip sales.

Meta, the company formerly known as Facebook, reported earnings after the bell. Here are the results.

Sandberg said that though finalized text of the DMA has not been made public, it was generally in line with expectations. Facebook's family of apps, including the core app, Instagram and WhatsApp, accounted for 97.5% of revenue in the quarter. In the family of apps business, net income dropped 13% from a year earlier to $11.48 billion. It expects most of that expense growth to be driven by its family of apps segment, followed by Reality Labs. Snap CEO Evan Spiegel called the first quarter "more challenging than we had expected." The company said some advertisers had paused advertising campaigns after Russia's invasion of Ukraine in February. Google-owned YouTube grew just 14% in the first quarter, far below the 25% analysts had expected. Meta updated investors for the first time since a brutal fourth-quarter earnings report in February sent the stock down 26%, its worst day ever. But if the stock continues its climb on Thursday and ends the trading day up more than 19.1%, it would be its second-best day ever and its biggest gain since July 2013. She said she expects the regulatory environment to continue to be a "real challenge" for the whole industry. Reality Labs lost $2.96 billion in the period compared with a loss of $1.83 billion in the first quarter of 2021. The after-hours rally on Wednesday still leaves the stock way down for the year. For the second quarter, Facebook forecast revenue of $28 billion to $30 billion, trailing the $30.6 billion estimate of analysts surveyed by Refinitiv. The company said in the release that the guidance takes into account continued trends from the first quarter, including soft revenue growth that "coincided with the war in Ukraine."

Analysts had expected a profit of $7.1 billion, or $2.56 a share, on revenue of $28.3 billion. So although revenue fell a bit short, to the slowest growth rate ...

Meta said it expects second-quarter revenue to be in the range of $28 billion to $30 billion, short of analysts’ forecast of $30.5 billion. “We’re now planning to slow the pace of some of our investments,” Chief Executive Mark Zuckerberg (pictured) said on a conference call with analysts. He added that he expects Met to be “meaningfully better on monetization” than rivals. Even as it spends billions of dollars to pursue the metaverse opportunity, Meta faces unprecedented upheaval in its core advertising business. Show your support for our mission by joining our Cube Club and Cube Event Community of experts. He mentioned 2030 as a rough date for when it would constitute a full-fledged platform on a par with Facebook. “This is also super-important for staff retention,” he said. So although revenue fell a bit short, to the slowest growth rate in a decade, earnings exceeded forecasts. It rose 4% from a year ago, to 1.96 billion people, a tad better than analysts’ consensus of 1.95 billion people. Investors may also have been cheered somewhat today by a more positive outlook on costs. Meta’s shares jumped more than 18% in extended trading after the report. They had fallen about 3%, to $174.95 a share, in the regular session as investors likely looked at yesterday’s earnings shortfall at Alphabet, which also gets most of its revenue from advertising.

Facebook's parent company said daily active users rose slightly in the first quarter, to 1.96 billion from 1.93 billion.

If it hits the middle of that range, it would mark the first-ever drop in quarterly turnover year-on-year. Meta's first-quarter sales rose 7% from a year ago, marking the first time in its 10-year history as a public company that revenue grew in the single digits. Meta on Thursday said its daily active users rose slightly in the first quarter, to 1.96 billion from 1.93 billion. Shares of Facebook parent company Meta continued to rally Thursday after the company reported better-than-expected profit in the first quarter. - Facebook's parent company said daily active users rose slightly in the first quarter, to 1.96 billion from 1.93 billion. - Meta surged 15% Thursday after the company reported better-than-expected profit in the first quarter.

Meta Platforms reported Facebook daily active users of 1.96 billion in the first quarter, higher than analysts' estimates and reversing a small decline in ...

Meta (FB) gained 18.5% to $207.40 after the company reported Facebook daily active users of 1.96 billion, higher than analysts’ estimates and reversing a small decline in the December quarter. Meta Platforms stock was rising sharply Thursday after the parent company of Facebook posted better-than-expected user growth in the first quarter. Meta Stock Is Soaring After Earnings. Here’s What’s Behind the Big Move.

Meta Platforms reported Facebook daily active users of 1.96 billion in the first quarter, higher than analysts' estimates and reversing a small decline in ...

Meta (FB) gained 18.5% to $207.40 after the company reported Facebook daily active users of 1.96 billion, higher than analysts’ estimates and reversing a small decline in the December quarter. Meta Platforms stock was rising sharply Thursday after the parent company of Facebook posted better-than-expected user growth in the first quarter. Meta Stock Is Soaring After Earnings. Here’s What’s Behind the Big Move.

Despite missing first quarter revenue estimates, shares of Facebook parent company Meta surged roughly 13% on Thursday after reporting solid user growth, ...

Despite missing estimates on several key metrics, Meta’s latest earnings report is still a big step up from fourth quarter earnings last year, when the company reported its first decline in daily active users on record. A big earnings miss from streaming giant Netflix last week added to uncertainty around Big Tech stocks, which have already been hard-hit amid the wider market sell-off this year. Despite missing first quarter revenue estimates, shares of Facebook parent company Meta surged roughly 13% on Thursday after reporting solid user growth, which bounced back from a small decline in the previous quarter.

That's despite the company's slowest revenue growth since going public a decade ago. Meta earned $7.47 billion in the January-March period, down 21% from $9.5 ...

Recent privacy changes by Apple have made it harder for companies like Meta to track people for advertising purposes, which also puts pressure on the company's revenue. Meta cut a sharp contrast with Google parent Alphabet, which on Monday reported disappointing earnings, with profit below Wall Street's expectations. Russia's war in Ukraine was a hit to revenue, CEO Mark Zuckerberg said. In March 2022, Facebook had 1.96 billion daily active users on average, an increase of 4% year-over-year. Revenue rose 7% to $27.91 billion — the slowest growth rate in a decade for the online advertising powerhouse that generally reports sales growth in the double digits. Meta's results, while mixed, mark a turnaround from the last three months of 2021, when Facebook reported a drop in users and projected spending up to $10 billion in one year to build out metaverse-related technology.

Facebook parent Meta Platforms (NASDAQ: FB) jumped 20% in after-hours trading following the announcement of its first-quarter earnings.

The guidance offered by the company is slightly below expectations with the most worrying factor mentioned being the war in Ukraine. It’s not the news but the reaction to the news that matters, revealing what good/bad news was priced in.” Facebook parent Meta Platforms (NASDAQ: FB) jumped 20% in after-hours trading following the announcement of its first-quarter earnings.

Shares of Facebook parent Meta (FB) soared in early trading Thursday on the back of its Q1 earnings report. Shares of the social media giant were up more ...

You can select 'Manage settings' for more information and to manage your choices. You can change your choices at any time by visiting Your Privacy Controls. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Click here to find out more about our partners. - Information about your device and internet connection, including your IP address