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Meta Reports Second Quarter 2022 Results

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Re: Meta Reports Second Quarter 2022 Results

#11

Post by pclmulqdq »

rvz wrote: post #6

Like I said before, the premature death of Meta Platforms constantly screamed here and even orchestrated and parroted by the mainstream media, has been greatly exaggerated. Still profitable in a market downturn even with rising inflation fears causing everyone else in big tech to slightly miss expectations. DAUs, MAUs up again and they will be here for another 10+ years like it or not. It's business as usual folks.

The price of the stock is not based on "business as usual." It is based on relentless growth.

Re: Meta Reports Second Quarter 2022 Results

#12

Post by stefan_ »

rvz wrote: post #6

Like I said before, the premature death of Meta Platforms constantly screamed here and even orchestrated and parroted by the mainstream media, has been greatly exaggerated. Still profitable in a market downturn even with rising inflation fears causing everyone else in big tech to slightly miss expectations. DAUs, MAUs up again and they will be here for another 10+ years like it or not. It's business as usual folks.

That's nice, but what does the future hold? Companies aren't valued on the here and now.

This is after all the company that is betting its future on clown shows like this: https://twitter.com/MetaQuestVR/status/1551943338038726657

It's hard to decide what is the more inept management between the Twitter crypto avatar bros and the meta "meta" verse people.

Re: Meta Reports Second Quarter 2022 Results

#14

Post by jstummbillig »

newfonewhodis wrote: post #8

https://www.cnbc.com/2022/07/27/facebook-parent-meta-earning... - Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv - Revenue: $28.82 billion vs. $28.94 billion expected, according to Refinitiv - Daily Active Users (DAUs): 1.97 billion vs 1.96 billion expected, according to StreetAccount - Monthly Active Users (MAUs): 2.93 vs 2.94 billion expected, according to StreetAccount - Average Rev…

Okay at the danger of outing myself as financially incompetent at big company level, the difference seems neglible?

Re: Meta Reports Second Quarter 2022 Results

#15

Post by UncleMeat »

rvz wrote: post #6

Like I said before, the premature death of Meta Platforms constantly screamed here and even orchestrated and parroted by the mainstream media, has been greatly exaggerated. Still profitable in a market downturn even with rising inflation fears causing everyone else in big tech to slightly miss expectations. DAUs, MAUs up again and they will be here for another 10+ years like it or not. It's business as usual folks.

This one will be interesting. On the one hand, still hugely profitable. An operating margin of 29% is insane. On the other hand, people expect growth and no revenue growth and a large drop in income is definitely not what investors want to see.

Re: Meta Reports Second Quarter 2022 Results

#17

Post by rvcdbn »

pclmulqdq wrote: post #11
rvz wrote: post #6

Like I said before, the premature death of Meta Platforms constantly screamed here and even orchestrated and parroted by the mainstream media, has been greatly exaggerated. Still profitable in a market downturn even with rising inflation fears causing everyone else in big tech to slightly miss expectations. DAUs, MAUs up again and they will be here for another 10+ years like it or not. It's business as usual folks.

The price of the stock is not based on "business as usual." It is based on relentless growth.

with a PE of 13?

Re: Meta Reports Second Quarter 2022 Results

#18

Post by __derek__ »

flyinglizard wrote: post #5
pclmulqdq wrote: post #3

Lower revenue than Q2 of 2021 and higher expenses. They're on track to have significantly lower net income this year than last year. Au revoir, Facebook.

They are still a very powerful part of interpersonal communication - friends and family. The only way forward is for them to kick out Mark, stop the insanity that is Metaverse, focus on their core and play nice with the platforms and regulators.

> The only way forward is for them to kick out Mark

It might be hard to convince him to give himself the boot, especially while the company continues to make gobs of money. Maybe we'll see a compromise where the company starts paying a dividend and Zuck shovels the rest of the cash into his passion project.

Re: Meta Reports Second Quarter 2022 Results

#19

Post by pclmulqdq »

rvcdbn wrote: post #17
pclmulqdq wrote: post #11

Earlier quoted context omitted.

The price of the stock is not based on "business as usual." It is based on relentless growth.

with a PE of 13?

Oh, it's that low? I guess they are priced for "slow decline." For comparison, IBM's P/E ratio was around 10 before the pivot to a consulting company.

Re: Meta Reports Second Quarter 2022 Results

#20

Post by pclmulqdq »

jstummbillig wrote: post #14
newfonewhodis wrote: post #8

https://www.cnbc.com/2022/07/27/facebook-parent-meta-earning... - Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv - Revenue: $28.82 billion vs. $28.94 billion expected, according to Refinitiv - Daily Active Users (DAUs): 1.97 billion vs 1.96 billion expected, according to StreetAccount - Monthly Active Users (MAUs): 2.93 vs 2.94 billion expected, according to StreetAccount - Average Rev…

Okay at the danger of outing myself as financially incompetent at big company level, the difference seems neglible?

The part that's missing here is the expenses, which have risen substantially.
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