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<Research> Citi Rates Meta Platforms, Inc. (META.US) Buy as Ad Revenue Continues to Grow
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Citi said in a research report that Meta Platforms, Inc. (META.US) delivered 1Q26 results that beat expectations, with total revenue of USD56.3 billion, mainly driven by growth in advertising revenue. The companys 2Q guidance highlighted continued advertising momentum, with revenue guidance of USD58 billion to USD61 billion, and the midpoint in line with market consensus. The group maintained its full-year expense guidance at USD162 billion to USD169 billion, while raising its full-year capital expenditure guidance by about USD10 billion to USD125 billion to USD145 billion (previously USD115 billion to USD135 billion), with the midpoint about 9% above the banks forecast. During the earnings conference call, the bank focused on several key areas, including the evolution of Metas artificial intelligence model strategy following the launch of its multimodal AI "Muse Spark"; improvements in ranking and recommendation mechanisms to further enhance user engagement; advertising innovations to strengthen revenue, agentic commerce and commercial AI, as well as the potential of the Manus acquisition; computing capacity demand and strategy; and productivity enhancements, with about 10% workforce reduction providing funding for larger AI investments. Citi set a TP of USD850 on Meta Platforms, Inc. (META.US) with a Buy rating. (hc/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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