Meta Platforms, Inc (META) – The era of AI, promising prospects ahead

Meta Platforms, Inc (META) (Q3FY23)

Stock performance: Meta stock price showed an upward trend in the past 3-month period and gave a 9% return. The stock price rose by 194% in the past 1-year. The stock has a 52-week high of $338 and a 52-week low of $108.32. META has a 50-day moving Avg. and a 200-day moving Avg. of $308.71 and $260.50, respectively.

Quarter Performance: In Q3FY23, revenue increased 23% to $34.14bn as compared to $27.7bn in Q3FY22. In the nine-month period, revenue surged 12% to $94.79bn from $84.44bn in the prior period. The increase in revenue was primarily due to a surge in the FOA segment by 13% Y/Y to $93.96bn.

Guidance: Total revenue for Q4FY23 is expected to be in the range of $36.5bn-$40bn range. Total expenses are expected to be in the $87bn-$89bn range for FY23.

Highlights

The company is actively developing business AI for the business messaging sector, currently in its early stages. Meta is also working on foundational models like Llama 2, a popular open-source model with over 30 million downloads in the past month. This product launch aims to expand Meta’s offerings, shift revenue sources from advertising to hardware product sales, and foster significant growth for the company.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10-Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– Key Developments
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 42

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