Welcome to our dedicated page for Meta Platforms news (Ticker: META), a resource for investors and traders seeking the latest updates and insights on Meta Platforms stock.
Meta Platforms Inc. (META) operates at the intersection of social connectivity and technological innovation, driving advancements in digital advertising, AI, and immersive technologies. This page serves as the definitive source for Meta-related news, offering investors and analysts timely updates directly from corporate communications and verified industry reports.
Access curated press releases covering quarterly earnings, product launches like VR initiatives, and strategic partnerships. Our aggregation includes regulatory filings, leadership updates, and analysis of Meta's evolving role in shaping global digital ecosystems.
Key updates focus on advertising revenue trends, Reality Labs developments, and platform policy changes. Bookmark this page to monitor how Meta's investments in AI infrastructure and metaverse technologies impact its market position.
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.
Meta Platforms announced that CFO David Wehner will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 10, 2022, at 3 p.m. Pacific Time. A live webcast and replay will be accessible via Meta's Investor Relations website. Meta, which builds technologies to connect people and businesses, continues to innovate in areas like augmented and virtual reality. For more updates, follow Mark Zuckerberg on Facebook and Instagram.
Meta (NASDAQ: META) announced that Peter A. Thiel, who has served on its Board of Directors since 2005, will not seek re-election at the 2022 Annual Meeting. Thiel's departure comes after nearly two decades of service, during which he provided significant insights into business and economics. CEO Mark Zuckerberg expressed gratitude for Thiel's contributions and acknowledged his impact as a unique thinker. Meta's current board includes a range of experienced professionals, as the company continues to innovate in social technology and immersive experiences.
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