Meta Platforms Inc Stock Price, News & Analysis

Meta (META) reported strong Q3 2024 financial results with revenue reaching $40.59 billion, up 19% year-over-year. Net income increased 35% to $15.688 billion, while diluted EPS grew 37% to $6.03. The company's operating margin improved to 43% from 40% last year. Family daily active people reached 3.29 billion, showing 5% growth year-over-year. Ad impressions increased 7%, while average price per ad rose 11%. For Q4 2024, Meta expects revenue between $45-48 billion and projects full-year expenses of $96-98 billion. The company notes increasing Reality Labs operating losses and expects significant capital expenditures growth in 2025.

Cornerstone OnDemand announced a strategic partnership with Meta (NASDAQ: META) to enhance immersive learning and extended reality (XR) capabilities through AI integration. The collaboration combines Cornerstone's 25-year expertise in learning and talent development with Meta's XR technologies and AI advancements. The partnership aims to democratize immersive learning for enterprises, focusing on workforce readiness and agility. Cornerstone Immerse and Immerse Companion will leverage GenAI for scaling personalized content creation and soft skills training, working alongside Meta's platform and hardware.

Meta showcased its commitment to UN's Sustainable Development Goals at the 2024 United Nations General Assembly through open technology initiatives. The company announced four key collaborations: with UNESCO for a 200-language translation interface using NLLB AI model, the US State Department for global AI inclusivity, Economist Impact for open-source AI research, and Stanford Deliberative Democracy Lab for AI community forums. Meta also revealed recipients of the Llama Impact Grants, including Wadhwani AI, Digital Green, and Dana Farber, who will use Llama 3 for education, agriculture, and healthcare applications.

Meta Platforms, Inc. (NASDAQ: META) has announced that its third quarter 2024 financial results will be released after market close on Wednesday, October 30, 2024. The company will host a conference call to discuss the results at 2:00 p.m. PT / 5:00 p.m. ET on the same day.

A live webcast of the call will be available on the Meta Investor Relations website at investor.fb.com, along with the earnings press release, financial tables, and slide presentation. A replay of the call and transcripts of conference calls with publishing equity research analysts will also be posted on the website.

Meta uses investor.fb.com, about.fb.com/news/, and Mark Zuckerberg's social media accounts (Facebook, Instagram, and Threads) for disclosing material non-public information and complying with Regulation FD disclosure obligations.

Meta has released its second annual Responsible Business Practices Report, highlighting efforts to maximize positive impacts and minimize negative impacts on society. The report, themed 'Unlocking Potential,' provides key metrics and insights on Meta's societal impact, including milestones, policies, and programs underpinning its responsible business strategy.

Key highlights include:

• Releasing Llama, an open-source AI model downloaded over 170 million times
• Launching the AI Alliance to accelerate responsible AI innovation
• Expanding parental supervision tools globally
• Implementing child safety initiatives like Lantern and Take It Down
• Completing a Human Rights Salient Risk Assessment
• Maintaining net zero in global operations
• Focusing on building a diverse workforce

The report is supplemented by in-depth reports on human rights, sustainability, and transparency, prepared in reference to global reporting standards.

Meta recently partnered with people with disabilities and disability advocates to integrate accessibility into their mixed reality technology. This co-design approach aims to prioritize real-life user experiences, center the needs of historically underserved communities, and build trust. The company believes this strategy will create better product experiences for everyone, citing the 'curb cutting' effect where solutions designed for specific groups often benefit a wider audience.

Meta acknowledges there's still much work to be done to make mixed reality more inclusive and establish new industry standards. By collaborating with communities often overlooked by technology, Meta aims to enable everyone to thrive in the metaverse. This approach not only drives real-world impact but also unlocks new possibilities in product development.

Meta Platforms, Inc. (META) has announced a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock. The dividend will be payable on September 26, 2024 to stockholders of record as of the close of business on September 16, 2024. This announcement demonstrates Meta's commitment to returning value to shareholders and reflects the company's financial stability. The declaration of a regular dividend can be seen as a positive signal for investors, indicating confidence in the company's future cash flow and profitability.

Meta Platforms, Inc. (Nasdaq: META) reported strong financial results for Q2 2024, with revenue increasing 22% year-over-year to $39.07 billion. Net income surged 73% to $13.465 billion, while diluted EPS also rose 73% to $5.16. The company's operating margin improved to 38% from 29% in the previous year.

Key operational highlights include:

• Family daily active people (DAP) increased 7% YoY to 3.27 billion
• Ad impressions across Family of Apps grew 10% YoY
• Average price per ad increased 10% YoY

Meta expects Q3 2024 revenue between $38.5-41 billion and maintains its full-year 2024 total expenses outlook of $96-99 billion. The company anticipates significant capital expenditures growth in 2025 to support AI research and product development.

Meta Platforms (NASDAQ: META) announced the release of its Q2 2024 financial results, scheduled for July 31, 2024, after market close. A conference call to discuss the results will be held at 2:00 p.m. PT / 5:00 p.m. ET on the same day. The webcast, earnings press release, financial tables, and slide presentation will be accessible on the Meta Investor Relations website. A replay and transcripts of the conference call will also be available post-event on the same website. Meta uses various online platforms, including its investor website and Mark Zuckerberg's social media accounts, to disclose material non-public information and comply with Regulation FD.