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Earnings transcript
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META
Meta Platforms, Inc.
$605.08
-24.92
(-3.96%)
| Exchange: | NASDAQ |
| Market Cap: | 1.34T |
| Shares Outstanding: | 2.521B |
Delayed data
About The Company
| Sector: | Communication ServicesView sector performance | |||||
| Industry: | Internet Content & InformationView industry performance | |||||
| CEO: | Mark Elliot Zuckerberg | |||||
| Full Time Employees: | 66775 | |||||
| Address: |
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| Website: | https://www.meta.com |
Meta Platforms Inc., which operated as Facebook, Inc. until its October 2021 rebranding, is a technology enterprise focused on developing innovative products that empower people globally to connect and share with their friends and family. These services are accessible across a variety of digital platforms, including mobile phones, personal computers, virtual reality devices, and wearables. The company’s activities are organized into two principal divisions: the Family of Apps and Reality Labs. The Family of Apps segment encompasses well-known platforms such as: Facebook, where users can share content, participate in discussions, explore new interests, and build connections. Instagram, a vibrant community dedicated to sharing visual media like photos and videos, sending private messages, and utilizing features such as user feeds, ephemeral stories, short video reels, live streams, and integrated shopping functionalities. Messenger, a dedicated application that facilitates text, audio, and video communications, enabling individuals to communicate with their social networks, communities, and even businesses across different devices and operating systems. WhatsApp, a widely adopted and secure messaging service employed by individuals and enterprises for private communication and financial transactions. The Reality Labs division concentrates on pioneering augmented and virtual reality technologies. This segment is responsible for creating consumer-grade hardware, sophisticated software, and engaging content, all aimed at fostering a sense of connection among people, regardless of their physical location or time zone. Meta Platforms Inc. was founded in 2004 and its corporate headquarters are situated in Menlo Park, California.
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Revenue Segmentation
Revenue by type
Revenue by region
META full analysis
Welcome back to MarketSnap. Imagine a company that just grew revenue 26% year over year, beat expectations, and told you the next quarter gets even bigger. Now imagine the stock falling anyway — down about 16% in a month, roughly 16% over a year, while the business itself got stronger. That's Meta today. And the market isn't arguing about the quarter. It's arguing about the bill: a $97.5 billion equity raise to fund AI infrastructure — announced Monday at $95…
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 134,902,000 | 164,501,000 | 200,966,000 |
| Gross Profit | 108,943,000 | 134,340,000 | 164,791,000 |
| EBITDA | 59,052,000 | 86,876,000 | 104,548,000 |
| Operating Income | 46,751,000 | 69,380,000 | 83,276,000 |
| Net Income | 39,098,000 | 62,360,000 | 60,458,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 229,623,000 | 276,054,000 | 366,021,000 |
| Total Liabilities | 76,455,000 | 93,417,000 | 148,778,000 |
| Total Stockholders Equity | 153,168,000 | 182,637,000 | 217,243,000 |
| Total Debt | 37,234,000 | 49,060,000 | 83,897,000 |
| Cash and Cash Equivalents | 41,862,000 | 43,889,000 | 35,873,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 71,113,000 | 91,328,000 | 115,800,000 |
| Capital Expenditure | -27,266,000 | -37,256,000 | -69,691,000 |
| Free Cash Flow | 43,847,000 | 54,072,000 | 46,109,000 |
| Net Income | 39,098,000 | 62,360,000 | 60,458,000 |
| Net Change in Cash | 27,231,000 | 2,611,000 | -6,338,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 463,266,782.673 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 530,466,015.013 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 486,262,012.500 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 237,726,173.607 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 269,610,673.028 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 248,636,894.216 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 134,854,562.752 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 160,668,719.702 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 143,688,041.695 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 79,562,459.146 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 91,103,403.539 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 83,511,710.640 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 55.820 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 62.420 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 52.390 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 22 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 38 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Dominant core advertising franchise with pricing power. FY2025 revenue reached $200.97B (+22.2% Y/Y), with advertising contributing $196.18B (97.6% of total). Q4 guidance was strong and the latest quarter delivered 26% Y/Y revenue growth, with AI-driven ad improvements cited as supporting robust pricing power. Gross margin stands at 81.0% TTM and net margin at 31.1% TTM.
- Exceptional profitability and balance-sheet capacity. ROE TTM of 30.3% and ROIC TTM of 18.1%; operating cash flow of $115.8B in FY2025. Current ratio of 1.90 and debt-to-equity of 0.41 indicate ample liquidity and conservative leverage relative to equity of $217.2B.
- Massive, engaged user base. 3.64 billion daily active users underpin the Family of Apps segment ($198.76B FY2025 revenue) and provide a durable distribution channel for new AI products (e.g., Muse personal AI agent).
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates META intrinsic value between $760.50 – $774.20 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about META valuation
Is Meta Platforms, Inc. (META) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Meta Platforms, Inc. (META) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is META a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether META trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is META’s P/E ratio?
You can see META’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for META?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is META a good long-term investment?
Whether META fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
META
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Daily snapshot
-3.96
Trading Metrics:
| Open: | 632.35 | Previous Close: | 630 | |
| Day Low: | 583.98 | Day High: | 634.99 | |
| Year Low: | 520.26 | Year High: | 779.82 | |
| Price Avg 50: | 673.56 | Price Avg 200: | 632.17 | |
| Volume: | 28.383M | Average Volume: | 20.43M |
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