Meta shares have enjoyed a big rally this year, and the company will put its $500 billion-plus valuation to the test Wednesday when it reports results.
Meta Platforms Inc. shares have enjoyed a big rally this year, and the company will put its $500 billion-plus valuation to the test Wednesday afternoon when it reports quarterly results.
Revenue: Analysts surveyed by FactSet expect that Facebook’s quarterly revenue fell once again in the latest period, to $27.7 billion from $27.9 billion. Those contributing to Estimize are slightly more optimistic, predicting flat performance with an average estimate of $27.9 billion. “One key headwind that remains is the persistent Ad Winter, and so far we see no signs of recovery on that front,” he wrote in a note to clients. “But we think Meta’s scale and data advantage should make it a somewhat resilient platform in a weak ad spend environment.”
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