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Meta Platforms:Quarterly Results/2024 Q2: Difference between revisions
Meta Platforms:Quarterly Results/2024 Q2 (view source)
Revision as of 08:05, 29 July 2024
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* According to TD Cowen Q2 survey, Facebook users spent an average of 45 mins/per day (flat QoQ) while Instagram users spent ana average of 39 minutes, up from 38 minutes last year same quarter. Engagement among young users (18-24) grew significantly, with Instagram users increasing time spent by 8 minutes to 54 minutes per day<ref name=":1" />. | * According to TD Cowen Q2 survey, Facebook users spent an average of 45 mins/per day (flat QoQ) while Instagram users spent ana average of 39 minutes, up from 38 minutes last year same quarter. Engagement among young users (18-24) grew significantly, with Instagram users increasing time spent by 8 minutes to 54 minutes per day<ref name=":1" />. | ||
==== Unexpected slowdown in Q3 earnings is one of the risks facing Meta ==== | |||
* Bofa thinks that some of the risks facing Meta include unexpected slowdown in Q3, potential reduced Reels revenue growth, cautious commentary on EU regulatory issues, and probably higher capex/significant depreciation expense in 2025. Bofa expects Q3 revenue guidance of $37.5-$40.5 billion. He expects 2024 expenses and capex to stay unchanged at $96-$99 billion and $35-$40 billion, respectively<ref>https://www.marketscreener.com/quote/stock/META-PLATFORMS-INC-10547141/news/Meta-Platforms-Likely-to-Report-Modest-Q2-Beat-BofA-Says-47472356/</ref>. | |||
== Competitor expectations and results == | == Competitor expectations and results == | ||