Target and SL in chart
FUNDAMENTALS
Meta Platforms, Inc., doing business as Meta, and formerly named Facebook, Inc., and TheFacebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. Meta ranks among the largest American information technology companies, alongside other Big Five corporations Alphabet, Amazon, Apple, and Microsoft. The company was ranked #31 on the Forbes Global 2000 ranking in 2023. Meta has also acquired Oculus, Mapillary, CTRL-Labs, and a 9.99% stake in Jio Platforms; the company additionally endeavored into non-VR hardware, such as the discontinued Meta Portal smart displays line and presently partners with Luxottica through the Ray-Ban Stories series of smart glasses. Despite endeavors into hardware, the company relies on advertising for a vast majority of its revenue, amounting to 97.8 percent in 2023. Parent company Facebook, Inc. rebranded as Meta Platforms, Inc. on October 28, 2021, to "reflect its focus on building the metaverse", an integrated environment linking the company's products and services.
MARKET CAP
1.29T USD
AVG VOLUME
21.06M
P/E RATIO
33.06
DIVIDEND YIELD
0.40%
2023 Y/Y
Revenue
134.90B up 15.69%
Operating expense 58.69B down -1.02%
Net income 39.10B up 68.53%
Net profit margin 28.98 up 45.63%
Earnings per share 14.87 up 73.11%
EBITDA 61.38B up 45.31%
FUNDAMENTALS
Meta Platforms, Inc., doing business as Meta, and formerly named Facebook, Inc., and TheFacebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. Meta ranks among the largest American information technology companies, alongside other Big Five corporations Alphabet, Amazon, Apple, and Microsoft. The company was ranked #31 on the Forbes Global 2000 ranking in 2023. Meta has also acquired Oculus, Mapillary, CTRL-Labs, and a 9.99% stake in Jio Platforms; the company additionally endeavored into non-VR hardware, such as the discontinued Meta Portal smart displays line and presently partners with Luxottica through the Ray-Ban Stories series of smart glasses. Despite endeavors into hardware, the company relies on advertising for a vast majority of its revenue, amounting to 97.8 percent in 2023. Parent company Facebook, Inc. rebranded as Meta Platforms, Inc. on October 28, 2021, to "reflect its focus on building the metaverse", an integrated environment linking the company's products and services.
MARKET CAP
1.29T USD
AVG VOLUME
21.06M
P/E RATIO
33.06
DIVIDEND YIELD
0.40%
2023 Y/Y
Revenue
134.90B up 15.69%
Operating expense 58.69B down -1.02%
Net income 39.10B up 68.53%
Net profit margin 28.98 up 45.63%
Earnings per share 14.87 up 73.11%
EBITDA 61.38B up 45.31%