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Meta Platforms:Quarterly Results/2023 Q2: Difference between revisions
Meta Platforms:Quarterly Results/2023 Q2 (view source)
Revision as of 12:13, 24 July 2023
, 24 July 2023→Analysts comments
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* "We are now more confident in META's re-acceleration and raise 2H23 revenue & out-year estimates," they wrote. "'''Our Ad Metrics data suggests pricing is weaker, but spend is holding up'''. Our view: we think META '''is ramping Reels inventory faster than anticipated'''." | * "We are now more confident in META's re-acceleration and raise 2H23 revenue & out-year estimates," they wrote. "'''Our Ad Metrics data suggests pricing is weaker, but spend is holding up'''. Our view: we think META '''is ramping Reels inventory faster than anticipated'''." | ||
* "META is just now beginning to re-gain market share after ~2 years of declines. We think AI investments, new product growth (Reels), TikTok issues, and ad-tech investments set the stock up well for 2H23 & into '24. We raise 2H23E revenue by ~$480MM and '24E by ~$1.9BN," they added. | * "META is just now beginning to re-gain market share after ~2 years of declines. We think AI investments, new product growth (Reels), TikTok issues, and ad-tech investments set the stock up well for 2H23 & into '24. We raise 2H23E revenue by ~$480MM and '24E by ~$1.9BN," they added. | ||
==== Seeking Alpha ==== | |||
# "The problem for any current or prospective Meta shareholder is that, while '''the business appears to be in the early stages of a turnaround, its shares look to have fully completed their recovery'''," said SA author Jamie Galvin<ref>https://seekingalpha.com/news/3989526-earnings-week-ahead-microsoft-google-meta-and-more</ref>. | |||
== Insights == | == Insights == | ||