Meta Platforms Inc

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SKU: FB-1 Category:

Description

Meta Platforms delivered a decent recovery in the first quarter of 2022 with a quarterly revenue of $27.9 billion, up 7% or 10% in constant currency. It is the first time the company saw a mere single-digit top-line growth. The management saw strong growth in APAC and the Rest of the World, but North America and Europe were more challenging. The acceleration of e-commerce led to outsized revenue growth after the start of Covid-19, but that trend is now reversing. The management launched several multiyear projects to accelerate some of their longer-term investments, particularly in their AI infrastructure, business platform, and Reality Labs, based on the strong revenue growth they saw in 2021. These investments are critical to the company’s long-term success and growth. Furthermore, the monetization of Facebook and Instagram stories continues to rise. With Reels’ rapid growth, there’s also a big opportunity as they improve their short-form video monetization and giving the likes of Tiktok and Youtube Shorts a run for their money. Also, Meta’s efforts to improve the Reels ad format have accelerated. Overall, the company is well-positioned, and we give its stock a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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