News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research> Citi: Meta Platforms, Inc. (META.US) 1Q Revenue USD56.3B, EPS USD10.44 Beat; Maintains Buy with TP USD850
Citi published a research report stating that Meta Platforms, Inc. (META.US) recorded revenue of USD56.3 billion in 1Q, representing YoY growth of 33% and about 1% above market exp...
Reset
Send
The window will close in 5 seconds
<Research> Citi: Meta Platforms, Inc. (META.US) 1Q Revenue USD56.3B, EPS USD10.44 Beat; Maintains Buy with TP USD850
Close
Recommend
2
Positive
3
Negative
2
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get 1 Intel/Selected Gold ETF share!

Citi published a research report stating that Meta Platforms, Inc. (META.US)      recorded revenue of USD56.3 billion in 1Q, representing YoY growth of 33% and about 1% above market expectations. Operating profit reached USD22.9 billion, around 18% higher than market expectations. EPS was USD10.44, significantly above the market consensus of USD6.67. During the period, the Family of Apps operating margin reached 48.1%. Reels watch time increased 10%, while Facebook global video watch time rose 8% QoQ.

Management maintained its 2026 expense guidance at USD162 billion to USD169 billion, but raised its 2026 capital expenditure guidance by USD10 billion to USD125 billion to USD145 billion, mainly due to increased investment in computing infrastructure and higher component costs. The company expects to lay off about 10% of its workforce in May, with the savings to be reinvested in computing infrastructure.

Related NewsEIA Crude Oil Stocks Change for May/15 in the United States is -7.864M, lower than the previous value of -4.306M. The forecast was -2.9M.
Citi raised its revenue forecasts for Meta Platforms, Inc. for 2026 and 2027. It set a TP of USD850, based on an estimated 2027 price-to-earnings ratio of about 23x, and maintained a Buy rating. (ec/a)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Auto-translated by AI
View Original Text
This article was automatically translated by AI, the original language 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.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.