Meta share price

Meta stock jumped late Wednesday after reporting fourth-quarter results that fell short on earnings but beat on revenue.

Facebook just reached the milestone of 2 billion daily actives," Meta Chief Executive Mark Zuckerberg said in a written statement with the earnings release. But the company made technology improvements with its ad strategy approach. Meta stock soared as the company announced a $40 billion stock buyback. "Our community continues to grow and I'm pleased with the strong engagement across our apps. The midpoint of $27.25 billion is above estimates of $27.1 billion. [Relative Strength Rating of 72](https://www.investors.com/news/technology/meta-platforms-trying-to-close-in-on-key-technical-measure/) out of 100. An earnings comparison with analyst estimates was not immediately available due to restructuring charges reported by the company. For its first quarter, the company expects revenue in the range of $26 billion to $28.5 billion. [SNAP](https://research.investors.com/quote.aspx?symbol=SNAP)), Etsy ( [ETSY](https://research.investors.com/quote.aspx?symbol=ETSY)) and Pinterest ( [PINS](https://research.investors.com/quote.aspx?symbol=PINS)), Meta is challenged not only by macroeconomic weakness but also by a painful drop in digital advertising, which accounts for almost all of its revenue. Analysts expected revenue of $31.55 billion, according to FactSet. [AAPL](https://research.investors.com/quote.aspx?symbol=AAPL)) changed privacy policies for the iPhone. [cut 11,000 jobs](https://www.investors.com/news/technology/meta-stock-climbs-as-mass-layoffs-revealed/).

Meta shares rallied after the company reported better-than-expected revenue and told investors that it's getting more efficient.

Li said the company has been improving its online advertising system, but Apple's update is "still certainly an absolute headwind to our revenue number." [lost](https://www.cnbc.com/2023/02/01/meta-lost-13point7-billion-on-reality-labs-in-2022-after-metaverse-pivot.html) $13.7 billion in 2022. Zuckerberg is selling investors on a story they want to hear, acknowledging that the company got bloated and needed more financial discipline. Meta is also reducing spending as it builds new data centers that are intended to be more efficient while still able to power the company's various artificial intelligence technologies. Running these programs is expensive, and Meta needs to ensure it can develop them affordably, he said. "We don't anticipate that that's going to continue," he said, regarding the recent drop in revenue. Zuckerberg still sees it as the company's future. "The first 18 years I think we grew it 20%, 30% compound or a lot more every year," Zuckerberg said on the earnings call. And the forecast range for the first quarter suggests that year-over-year revenue could increase, but it could also fall again. In November, the company Meta reported better-than-expected revenue in the fourth quarter, but sales still sank 4% from a year earlier, marking the third straight quarterly decline. - "Our management theme for 2023 is the 'Year of Efficiency,'" Zuckerberg said as part of the release of the earnings report.

This dominant social network company depends on its new short-form video platform to fend off intense competition.

Since Instagram Direct, Facebook Messenger, and Whatsapp are some of the most popular messaging apps, the company has an opportunity to create momentum between content discovery and messaging, strengthening Reels and its messaging apps. First, Reels can rapidly catch up to TikTok in engagement using Meta's artificial intelligence-powered content discovery engine, one of the best in the industry. As these newer social media companies attracted more users in the critical advertising demographic of 18 to 34, Facebook began losing advertising dollars in one of its most valuable segments. Facebook made a name for itself by being one of the first social media apps to jump onto the digital scene. However, it took Wall Street a bit longer to catch on to the extent of the threat TikTok posed to Meta's family of apps. In Meta's earnings report for fiscal year 2021, the company revealed that it lost one million daily active users between the third and fourth quarters.

Meta has bucked the trend for big tech companies Q4 2022 earnings, beating analyst expectations with growing revenue and ad impressions.

Across the whole year, Reality Labs burned through US$13.7 billion (AU$19.20 billion), up from US$10.1 billion (AU$14.15 billion) in 2021. Across the whole of 2022, the average ad price dropped by 16 per cent. “The progress we’re making on our AI discovery engine and Reels are major drivers of this. Facebook just reached the milestone of 2 billion daily actives,” said Mark Zuckerberg, Meta’s founder and CEO. However, the average price of an ad in the final quarter dropped by 22 per cent year-on-year. Across the whole year, ad impressions jumped by 18 per cent.

Meta Platforms Inc. reported better-than-expected sales during the holiday quarter, fueled by strong demand for advertising as it attracted more users to ...

(Video Transcript). Meta shares surge. Meta Platforms, which owns Facebook, was in absolute lift-off mode last night. It jumped 25% on the IG platform last ...

All shares prices are delayed by at least 20 mins. Prices are indicative only. All shares prices are delayed by at least 15 mins. And we remember the group parted with more than 11,000 jobs back in November, which did cost that money and a one-off. It jumped 25% on the IG platform last night in extended trade as a result of news that came out after the bell. Meta shares were a whopping 25% amid plans to cut costs and give a $40 billion share buyback.

Parent of Facebook also announces additional $40bn for stock buybacks.

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Meta (Facebook) declares $40 billion share buyback; Stricter cost controls pushed stock prices higher; Net Profit and Revenue eased; Daily Active Users rose ...

It stated in its most recent 10-K from early 2022 that it has no plans to pay a dividend for the foreseeable future. Price target is $275 Meta stock surged nearly 19% in after-hours trade. Past performance is not indicative of future returns. For a detailed view on Meta shares, click What this does is it reduces the number of shares being traded in the stock market, which pushes the share prices higher.