Meta Reports First Quarter 2024 Results
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Meta Reports First Quarter 2024 Results
1–10 of 171 posts
Re: Meta Reports First Quarter 2024 Results
#2Results look good to me, EPS about double yoy, reality labs still losing billions. Stock down 12% after hours though so I must be missing something I guess
Re: Meta Reports First Quarter 2024 Results
#3Results look good to me, EPS about double yoy, reality labs still losing billions. Stock down 12% after hours though so I must be missing something I guess
guidance not that great, also crowded trade
Re: Meta Reports First Quarter 2024 Results
#4Oof, another $4 billion in the hole for Reality Labs. I really want VR to succeed but seeing the biggest player by far still struggling to find any path to profitability (or even breaking even) after iterating on it for a decade makes it hard to be optimistic.
Re: Meta Reports First Quarter 2024 Results
#5Why the drastically lower effective tax rate? I don't see an increase in operating expenses enough to make that big of an impact and I'd expect the increased income to raise it.
Re: Meta Reports First Quarter 2024 Results
#6Results look good to me, EPS about double yoy, reality labs still losing billions. Stock down 12% after hours though so I must be missing something I guess
guidance not that great, also crowded trade
Revenue down from last quarter but q4 is usually good for adtech I think. Next quarters guidance seems decent to me but I guess market was expecting more. q1 2023 was definitely a bit of a low point for meta so the yoy stats might be a bit misleading but hard for me to be upset about anything here. Ad impressions up 20% again somehow lmao
Re: Meta Reports First Quarter 2024 Results
#7Oof, another $4 billion in the hole for Reality Labs. I really want VR to succeed but seeing the biggest player by far still struggling to find any path to profitability (or even breaking even) after iterating on it for a decade makes it hard to be optimistic.
I’m not sure it’s a good business strategy, but I am glad to see ad money fueling more interesting tech than more profitable ads.
Re: Meta Reports First Quarter 2024 Results
#8Oof, another $4 billion in the hole for Reality Labs. I really want VR to succeed but seeing the biggest player by far still struggling to find any path to profitability (or even breaking even) after iterating on it for a decade makes it hard to be optimistic.
I’m not sure it’s a good business strategy, but I am glad to see ad money fueling more interesting tech than more profitable ads.
Don’t worry. The ads come once they establish themselves as the dominant player.
Re: Meta Reports First Quarter 2024 Results
#9Why are Meta quarterly results so special that they always enjoy the front page of HN?
Re: Meta Reports First Quarter 2024 Results
#10Oof, another $4 billion in the hole for Reality Labs. I really want VR to succeed but seeing the biggest player by far still struggling to find any path to profitability (or even breaking even) after iterating on it for a decade makes it hard to be optimistic.
Well, there's still no killer app. The productivity use case is a gimmick. Apple vision pro is also not selling well. The big promise is entertainment but it's not there yet.