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Meta Platforms:Quarterly Results/2023 Q4: Difference between revisions
Meta Platforms:Quarterly Results/2023 Q4 (view source)
Revision as of 14:27, 31 January 2024
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* Evercore's Mark Mahaney expects Meta to maintain its full-year expense and capital expenditure guidance<ref>https://www.investors.com/news/technology/meta-stock-earnings-preview-zuckerberg-q4-2023-feb-2024/</ref>. | * Evercore's Mark Mahaney expects Meta to maintain its full-year expense and capital expenditure guidance<ref>https://www.investors.com/news/technology/meta-stock-earnings-preview-zuckerberg-q4-2023-feb-2024/</ref>. | ||
=== Reels now a tailwind to Meta's revenue === | |||
* "As of 3Q23, Reels is net revenue neutral, a quarter earlier than expected," Bernetein analysts wrote. "As RBernsteineels engagement hits exit velocity, Meta has shifted focus to monetization — a familiar playbook. Despite some structural challenges with short-form video, we believe Meta can increase ad load, improve conversion rates, and keep driving up engagement to the tune of ~$2B in incremental 2024 ad revenues, or 150-200bps of revenue growth."<ref>https://www.investing.com/news/stock-market-news/meta-platforms-price-target-lifted-as-bernstein-sees-reels-revenue-tailwinds-432SI-3277437</ref> | |||
== References == | == References == | ||