Meta Platforms Inc Stock Price, News & Analysis

T-Mobile (NASDAQ: TMUS) has launched a new initiative aimed at supporting small businesses by providing them with free marketing tools. In partnership with Canva and Meta (NASDAQ: META), eligible small business customers will receive Canva Pro for six months, along with $200 in advertising credits for Facebook and Instagram. The initiative addresses the challenges faced by small businesses, particularly in marketing, amid labor shortages and inflation. This offer is available to new and existing customers on select business plans through the end of the year.

Meta Platforms (Nasdaq: META) reported Q2 2022 financial results with total revenue of $28.82 billion, slightly down from $29.08 billion in Q2 2021. The company experienced a 22% rise in costs, leading to a 36% drop in net income to $6.69 billion and a diluted EPS of $2.46, down 32% year-over-year. Daily active users across Meta's platforms increased to 2.88 billion, with a 15% rise in ad impressions. However, the company anticipates weaker Q3 revenues between $26-28.5 billion, citing ongoing macroeconomic challenges. CFO David Wehner transitions to Chief Strategy Officer, with Susan Li promoted to CFO.

Meta Platforms, Inc. (NASDAQ: META) will release its second quarter 2022 financial results after market close on July 27, 2022. A conference call discussing these results is scheduled for 2 p.m. PT / 5 p.m. ET on the same day. Investors can access the live webcast and obtain additional materials via the Meta Investor Relations website. Following the call, a replay will be available for one week. This announcement highlights Meta's ongoing commitment to transparency and investor engagement.

On May 10, 2022, Liberty, part of Algonquin Power & Utilities Corp. (NYSE: AQN), announced a collaboration with Meta (NASDAQ: META) for the Deerfield II wind project in Michigan. This long-term power purchase agreement ensures Meta receives 100% renewable energy from the 112 MW project, furthering both companies' sustainability goals. The project, involving a $200 million investment, is expected to generate $2 million annually in property tax revenue and create 200 jobs. Commercial operations are anticipated to begin in 2023, building on existing renewable energy partnerships.

Meta Platforms reported a 7% increase in total revenue for Q1 2022, reaching $27.91 billion, compared to $26.17 billion in Q1 2021. However, total costs and expenses surged 31% to $19.38 billion, leading to a 25% decline in income from operations, which fell to $8.52 billion. Net income decreased by 21% to $7.47 billion, with diluted EPS dropping 18% to $2.72. Despite these challenges, family daily active users grew by 6% year-over-year to 2.87 billion. Meta projects Q2 2022 revenue between $28-30 billion, factoring in a foreign currency headwind of approximately 3%.

Meta Platforms, Inc. (NASDAQ: META) will release its first quarter 2022 financial results on April 27, 2022, after market close. A conference call is scheduled for 2 p.m. PT / 5 p.m. ET to discuss the results, accessible via the Meta Investor Relations website. Investors can later access a replay of the call and review related transcripts. Meta aims to provide materials through its digital channels, ensuring compliance with disclosure obligations while focusing on innovations in social technology and immersive experiences.

Roundhill Investments has launched the Roundhill Ball Metaverse UCITS ETF (METV) on Deutsche Börse Xetra, marking the first Metaverse ETF listed in Germany. The ETF, with an expense ratio of 0.59%, is designed to capture the burgeoning Metaverse economy, projected by Morgan Stanley and Goldman Sachs to be worth approximately $8 trillion. The fund's underlying index, managed by Ball Metaverse Research Partners, includes significant holdings such as Meta Platforms, Roblox, Unity, and Nvidia, covering seven sectors within the Metaverse.