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Meta Platforms:Quarterly Results/2024 Q3: Difference between revisions
Meta Platforms:Quarterly Results/2024 Q3 (view source)
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* Buy, $600->$665: Guggenheim said investor focus will be on Q4 revenue guidance. They are forecasting $47 billion versus consensus estimate of $46.2 billion<ref name=":2" />. | * Buy, $600->$665: Guggenheim said investor focus will be on Q4 revenue guidance. They are forecasting $47 billion versus consensus estimate of $46.2 billion<ref name=":2" />. | ||
* Overweight: $660->$670: Cantor Fitzgerald pointed out that Q4 revenue guidance of $48 billion is needed for the shares to outperform on the print<ref name=":1" />. | * Overweight: $660->$670: Cantor Fitzgerald pointed out that Q4 revenue guidance of $48 billion is needed for the shares to outperform on the print<ref name=":1" />. | ||
== Pricing insights == | |||
* Revealbot data indicates that Facebook's CPM has grown by around 10% Q/Q to around $11 in Q3. A similar trend can be seen for Instagram<ref>https://seekingalpha.com/article/4726568-meta-platforms-earnings-revenue-upside-social-media-empire-looks-exhausted</ref>. | |||
[[File:Revealbot Q3.png|left|thumb|567x567px|Source: Revealbot]] | |||
== Insights on active users == | |||
* Analysis of Meta Platforms daily active users growth by Bofa (based on Sensor Tower data) indicate that Facebook and Instagram DAUs were down in Q3. However, on a yearly basis, DAUs were up for both Facebook and Instagram<ref>https://seekingalpha.com/article/4726568-meta-platforms-earnings-revenue-upside-social-media-empire-looks-exhausted</ref>. | |||
[[File:Bofa Q3.png|left|thumb|1324x1324px|Source: Bofa]] | |||
== References == | == References == | ||