Meta Platforms Stock Price, News & Analysis

Meta Platforms, Inc. (NASDAQ: META) operates in the information sector, in the data processing, hosting, and related services industry. According to available information, Meta is the largest social media company in the world by user base, with close to 4 billion monthly active users across its services. The company’s core business is its "Family of Apps," which includes Facebook, Instagram, Messenger, and WhatsApp. These applications enable people and organizations to connect, communicate, and run digital activities, while Meta uses data from this ecosystem to sell advertising to digital advertisers.

Meta describes its purpose as building the future of human connection, powered by artificial intelligence and immersive technologies. The company states that when Facebook launched in 2004, it changed the way people connect. Over time, apps such as Messenger, Instagram, and WhatsApp further empowered billions of people around the world. Meta indicates that it is moving beyond 2D screens toward experiences that foster deeper connections and unlock new possibilities.

Business model and core operations

Meta’s primary business revolves around its Family of Apps. End users access Facebook, Instagram, Messenger, and WhatsApp for activities such as staying in touch with friends and communities, following public figures, and operating digital businesses. Meta packages customer data from usage of these platforms and sells advertising placements to digital advertisers. This advertising activity is the central commercial engine of the company’s ecosystem as described in the Polygon data.

Alongside its Family of Apps, Meta has been investing in Reality Labs. The Polygon description notes that Reality Labs remains a very small part of Meta’s overall sales, while still representing an area of active investment. In its public communications, Meta also highlights work on AI-powered products, AI models, and immersive technologies as part of its long-term vision for human connection.

Artificial intelligence and immersive technologies

Meta repeatedly characterizes its strategy as focused on artificial intelligence and immersive technologies. In its news releases, the company refers to initiatives such as Meta Superintelligence Labs and notes that it sees opportunities to build new AI-powered experiences and services that can transform how people engage with its products. Meta also highlights its work in AI models that partners can integrate into their own systems, as reflected in third-party announcements describing access to Meta’s Llama AI models for national security and defense use cases.

Meta’s emphasis on immersive technologies aligns with its statement that it is moving beyond 2D screens. While specific devices or product versions are not detailed in the provided sources, Meta connects this direction with its broader goal of experiences that support deeper connections between people.

Infrastructure and data centers

Meta’s operations depend on large-scale infrastructure. A joint venture announcement with funds managed by Blue Owl Capital describes a project to develop and own the Hyperion data center campus in Richland Parish, Louisiana. Under that agreement, Meta will provide construction management and property management services for the data center campus. The arrangement is described as designed to support the speed and flexibility required for Meta’s data center projects and long-term AI ambitions.

Meta notes that it has many years of experience developing, constructing, and operating data center facilities. In the joint venture, funds managed by Blue Owl Capital will hold a majority interest, while Meta will retain a minority ownership stake and enter into operating lease agreements for use of the campus facilities once construction is complete. The company links this infrastructure build-out directly to its AI ambitions and the need for capacity to support AI workloads.

Energy and sustainability-related initiatives

Meta’s need for reliable power for its data centers is reflected in an agreement with Oklo Inc. described in recent news. Oklo announced an agreement with Meta that advances plans to develop a 1.2 gigawatt power campus in Pike County, Ohio, to support Meta’s data centers in the region. The agreement provides a mechanism for Meta to prepay for power and provide funding to advance project certainty for Oklo’s Aurora powerhouse deployment.

According to the Oklo release, Meta’s commitment enables Oklo to pursue development of clean, reliable power that can scale up to 1.2 gigawatts, supporting future data center capacity for Meta, including an AI supercluster in New Albany, Ohio. Meta is quoted as stating that by investing in baseload nuclear energy, the company is helping build a resilient and sustainable future for its communities. This illustrates how Meta’s infrastructure strategy intersects with energy development and long-term power sourcing for AI and digital infrastructure.

Financial communications and capital markets activity

Meta is listed on The Nasdaq Stock Market LLC under the symbol META. The company regularly issues press releases and holds conference calls to discuss quarterly and annual financial results, as reflected in announcements regarding third quarter and fourth quarter earnings dates. These communications often reference both GAAP and non-GAAP financial measures, and Meta provides reconciliations in attached press releases.

An 8-K filing dated November 3, 2025, describes Meta’s completion of an offering of multiple tranches of senior notes due between 2030 and 2065. The notes were issued under an existing shelf registration statement on Form S-3 and a base indenture with a trustee, as supplemented by a fourth supplemental indenture. The filing lists the principal amounts and coupon rates of each series of notes and references an underwriting agreement with Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC as representatives of the underwriters. This demonstrates Meta’s use of the debt capital markets to support its financing needs.

Dividends and capital return

Recent press releases indicate that Meta’s board of directors has declared quarterly cash dividends on its Class A and Class B common stock. For example, announcements in September and December 2025 describe quarterly cash dividends per share, payable to stockholders of record on specified dates. In its third quarter 2025 results release, Meta also notes share repurchases of its Class A common stock and dividend payments as part of its capital return program.

Growth, scale, and user metrics

Meta’s third quarter 2025 results release provides insight into the scale of its user base and advertising activity. The company reports that Family daily active people averaged 3.54 billion in September 2025, with year-over-year growth. It also notes year-over-year increases in ad impressions delivered across its Family of Apps and in average price per ad. These metrics underscore the reach of Meta’s platforms and the centrality of advertising to its business.

In the same release, Meta discusses capital expenditures related to infrastructure, including data centers and AI capacity, and references headcount figures. The company’s CFO commentary emphasizes that infrastructure capacity is a central requirement for realizing opportunities in AI-powered experiences and services, and that compute needs have expanded meaningfully. Meta states that it expects to invest aggressively in both its own infrastructure and third-party cloud providers to meet these needs.

Regulatory and disclosure practices

Meta’s filings and press releases highlight its approach to regulatory disclosure. The company states that it uses the investor.atmeta.com and meta.com/news websites, as well as the Facebook, Instagram, and Threads accounts of its founder, as means of disclosing material non-public information and for complying with Regulation FD. This practice is noted consistently in earnings releases and 8-K filings.

Meta also acknowledges legal and regulatory matters that could affect its business, including privacy, safety, security, content, advertising practices, and youth-related litigation. In its third quarter 2025 outlook commentary, Meta refers to increasing headwinds in the European Union and the United States that could significantly impact its business and financial results, and cites specific examples such as regulatory engagement regarding advertising offerings and youth-related trials.

Partnerships and ecosystem

Beyond its own platforms, Meta appears in third-party announcements as a technology and enterprise partner. For example, Circus SE describes Meta as a partner in deployments of autonomous AI robotics systems and as a collaborator in integrating Meta’s AI models into embodied AI systems. Circus SE also notes that Meta is expanding access to its Llama AI models for national security and defense use cases to a broader group of democratic partners, with Circus identified as a European partner in this program.

These third-party descriptions indicate that Meta’s AI models are being used in external applications, including defense-related and autonomous systems, under programs that emphasize secure and locally controlled AI deployments. While these statements come from partners rather than Meta’s own releases, they provide additional context on how Meta’s AI capabilities are being adopted in other sectors.

Stock information and sector classification

Meta Platforms, Inc. is classified in the information sector and the data processing, hosting, and related services industry. Its Class A common stock is registered under Section 12(b) of the Securities Exchange Act of 1934 and trades on The Nasdaq Stock Market LLC under the symbol META. The company uses SEC filings, including Forms 8-K, 10-Q, and 10-K, to report financial results, risk factors, and other material information to investors.

According to Polygon data, Meta is the largest social media company in the world by user base. Combined with the scale metrics disclosed in its earnings materials, this underscores the global reach of its Family of Apps and the importance of its platforms in digital communication and advertising.

Frequently asked questions about Meta (META)

• What does Meta Platforms, Inc. do?
  Meta operates social media and communication platforms that it refers to as its Family of Apps, including Facebook, Instagram, Messenger, and WhatsApp. Users access these apps for communication and digital activities, and Meta sells advertising based on data from this ecosystem.
• How does Meta generate revenue?
  According to the Polygon description, Meta packages customer data gleaned from its application ecosystem and sells ads to digital advertisers. Advertising linked to its Family of Apps is described as the core of its overall sales.
• What is Meta’s stated mission or focus?
  In its press releases, Meta states that it is building the future of human connection, powered by artificial intelligence and immersive technologies. The company emphasizes moving beyond 2D screens toward experiences that foster deeper connections and unlock new possibilities.
• What is the Family of Apps?
  Meta’s Family of Apps is its core business and consists of Facebook, Instagram, Messenger, and WhatsApp. These apps serve billions of users for purposes such as staying in touch with friends, following public figures, and running digital businesses.
• How important is Reality Labs to Meta’s business?
  The Polygon description notes that Meta has been investing heavily in its Reality Labs business, but that Reality Labs remains a very small part of Meta’s overall sales. This suggests that, based on available information, Reality Labs is not yet a major revenue contributor compared with the Family of Apps.
• What role does artificial intelligence play at Meta?
  Meta’s communications describe AI as central to its strategy. The company references Meta Superintelligence Labs, AI-powered experiences and services, and AI models that partners can use. Third-party releases also describe Meta’s Llama AI models being integrated into external systems, including defense-related applications.
• How does Meta support its AI and app ecosystem with infrastructure?
  Meta’s joint venture with funds managed by Blue Owl Capital for the Hyperion data center campus and its agreement with Oklo for nuclear power in Ohio illustrate its focus on large-scale infrastructure and energy capacity. The company links these projects to its long-term AI ambitions and data center needs.
• Does Meta pay dividends?
  Press releases in 2025 state that Meta’s board of directors declared quarterly cash dividends on its Class A and Class B common stock, with specified payment dates and record dates. These announcements indicate that Meta has been returning capital to shareholders through dividends.
• On which exchange does META trade and under what symbol?
  Meta’s Class A common stock is registered under Section 12(b) of the Exchange Act and trades on The Nasdaq Stock Market LLC under the ticker symbol META, as stated in its 8-K filings.
• How does Meta communicate financial results and material information?
  Meta issues press releases and holds conference calls to discuss quarterly and annual results, often furnished as exhibits to Form 8-K. The company states that it uses investor.atmeta.com, meta.com/news, and certain social media accounts as channels for disclosing material non-public information and for complying with Regulation FD.