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Meta Platforms Prepares to Report Quarterly Earnings as Analysts Expect 23.6% Growth

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META$694.25 −1.59%

Meta Platforms Inc Class A (NASDAQ:META) is set to release its latest quarterly financial results on Wednesday after the closing bell. The social networking giant is leading off the earnings season for consumer internet companies, with Wall Street anticipating 23.6% year-over-year revenue growth.

In the prior quarter, the company generated $60.8 billion in revenue, representing a 28% increase year over year, while daily active users rose 3.4% to 3.6 billion. However, a slightly weaker revenue outlook for the following period weighed on performance. Over the past month, Meta shares have declined 4.8%, trading around $705.40, even as broader consumer internet peer stocks gained 1.3% on average.

Analysts have largely maintained their financial estimates over the past 30 days, reflecting confidence in steady performance despite a track record of beating Wall Street forecasts. Investors will closely watch whether revenue growth moderates as projected from the 26.2% rate seen in the same quarter last year, and how user engagement numbers hold up.

Key points

  • Meta Platforms (NASDAQ:META) will announce its quarterly earnings results on Wednesday after the market closes.
  • Wall Street forecasts 23.6% year-over-year revenue growth for the quarter, compared to 26.2% growth in the prior-year period.
  • Analysts have held their financial projections steady over the past 30 days, noting the company's habit of topping forecasts.
  • Meta shares are down 4.8% over the past month to $705.40, while internet peer stocks rose 1.3% on average.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

When does Meta report earnings?

Meta Platforms will publish its quarterly financial results on Wednesday after the stock market closes.

What are revenue growth expectations for Meta's earnings?

Analysts expect Meta's quarterly revenue to increase by 23.6% compared to the same period last year, down from 26.2% growth recorded in the year-ago quarter.

How have Meta shares performed leading up to earnings?

Meta shares have fallen 4.8% over the past month to $705.40, trailing consumer internet peer stocks, which gained 1.3% on average over the same period.