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<Research> Citi: Meta Platforms, Inc. (META.US) 1Q Revenue USD56.3B, EPS USD10.44 Beat; Maintains Buy with TP USD850
Recommend 2 Positive 3 Negative 2 |
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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. 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) 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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