Meta Platforms Inc Stock Price, News & Analysis

Meta Platforms, Inc. (Nasdaq: META) reported Q4 and full-year 2022 results, revealing a 4% revenue decline for Q4 ($32.17 billion) and a 1% decline for the year ($116.61 billion). Costs surged by 22% in Q4 ($25.77 billion) and 23% for the year ($87.66 billion), greatly impacting net income, which fell 55% in Q4 to $4.65 billion. The company aims for an 'Efficiency Year' in 2023, anticipating Q1 revenue between $26-28.5 billion. Meta plans to cut expenses and reduce capital expenditures to align with the new data center strategy. Facebook's daily active users reached 2 billion in December 2022, underlining user growth amidst challenges.

Meta participated in the World Economic Forum 2023, marking a return to its winter schedule after the pandemic. The event featured discussions on global challenges, including the war in Ukraine, inflation, and climate change.

Meta's delegation highlighted four key themes: the metaverse, artificial intelligence, diversity, and sustainability. Notably, Meta's advancements in AI and a commitment to gender diversity were showcased, with women representing 37% of global leadership. The company also emphasized its dedication to sustainability, being a major corporate buyer of renewable energy. As discussions at Davos continue, the focus remains on converting dialogue into actionable outcomes.

Meta Platforms, Inc. (NASDAQ: META) will release its fourth quarter and full year 2022 financial results after market close on February 1, 2023. A conference call will be held the same day at 2 p.m. PT / 5 p.m. ET to discuss these results, accessible via the Meta Investor Relations website. A replay will be available post-call, along with transcripts of discussions with equity research analysts. Meta focuses on enhancing connectivity through technologies, evolving into augmented and virtual reality.

Meta Platforms, Inc. (NASDAQ: META) and IRI have launched a new solution that allows marketers to measure the impact of online advertising on in-store sales. This SaaS platform, named Ansa, enables data-driven insights into SKU-level and retailer-specific campaigns. It provides automated measurement of campaign effectiveness and hyper-local targeting recommendations. This collaboration aims to enhance marketers' ability to optimize social media investments on Facebook and Instagram, addressing key challenges in omnichannel sales measurement.

Immersion Corporation (NASDAQ: IMMR) announced management changes, a special cash dividend of 10 cents per share, and a $50 million stock repurchase program. Eric Singer, previously Executive Chairman, has taken over as President and CEO, aiming to enhance long-term shareholder value. This special dividend reflects the company's strong performance in 2022, alongside a quarterly dividend of 3 cents per share. The stock repurchase program replaces the previous one and emphasizes financial flexibility while navigating uncertain market conditions.

Meta Platforms, Inc. (NASDAQ: META) announced seven new solar projects across Georgia and Tennessee, totaling 720 MW (AC) to power its operations with 100% renewable energy. Partnering with Silicon Ranch, Walton EMC, and the Tennessee Valley Authority (TVA), these projects will enhance Meta's renewable energy commitments. The new facilities will contribute to an overall capacity of 1,500 MW (AC) from 16 solar projects serving Meta. Silicon Ranch has committed over $2.3 billion towards rural community investments.

Meta Platforms reported Q3 2022 financial results, showing a 4% revenue decline year-over-year at $27.71 billion. Operating income dropped 46% to $5.66 billion, with a net income of $4.39 billion, reflecting a 52% decrease year-over-year. Despite challenges, user engagement grew, with 2.93 billion daily active users. Meta expects Q4 revenue between $30-32.5 billion, while projecting 2023 total expenses of $96-101 billion, including significant costs related to office consolidation. The company aims to enhance efficiency and prioritize growth.

Meta Platforms, Inc. (NASDAQ: META) will release its third quarter 2022 financial results on October 26, 2022, after market close. A conference call to discuss the results will take place at 2 p.m. PT / 5 p.m. ET on the same day. Investors can access the live webcast and relevant documents on the Meta Investor Relations website. Transcripts will also be available post-call. Meta aims to continue building technologies that facilitate connections and community growth across various platforms.

Irvin Simon Photographers is auctioning a rare, autographed baseball card and NFT of Mark Zuckerberg, captured when he was eight years old. This unique memorabilia is part of a once-in-a-lifetime auction hosted by ComicConnect and showcases Zuckerberg's childhood at Elmwood Camp in Westchester County, New York. The auction begins on September 24, 2022. This remarkable piece not only represents Zuckerberg's early days but also highlights the enduring value of childhood portraits.