Meta 22Q3 Earnings Preview - Betting the % change in closing after-hours price to win!

Bet Game

Place your Bet on Meta's percentage change in closing after-hours price (e.g.+3%) of October 26 ET by 6:00 PM, October 26 ET. The mooer with the closest bet will win 300 points!

Lucky Draw

The 10th, 20th, 30th, 40th and so on mooers to comment will get 30 points.

After-hour Trading

Outside of the regular trading hours, investors still have the option of making trades in the after-hours trading session, which runs from 4:00 pm to 8:00 pm ET. The After-hours trading allows material information after normal trading hours to be reflected in the stock price in a timely manner, reducing the trading risk the next day.

Meta Platforms plans to report its latest results for the quarter ended September 2022 on October 26 after the U.S. markets close! The consensus estimate for revenue is expected at $27.42 billion, indicating a nearly 5.48% YoY decrease. The EPS is estimated at $1.89 for this quarter.

The social media giant just made a new one-year low, suggesting most investors continue to see headwinds in Meta. The rising inflation is likely to have negatively impacted on the AD spending budgets of enterprises, which has weighed much on the revenues of Meta. Besides, the iOS changes from Apple have made AD targeting difficult, which has increased the cost of driving outcomes.

To drive user growth, Meta recently announced new features among its family of apps, like Facebook and Instagram. Meta’s new features aim to enable both Facebook and Instagram users to switch between the two social media profiles through the same Accounts Center. For security concerns, users will be notified if new Instagram and Facebook accounts are created using their existing accounts.

Rewarding points will be distributed within 5-7 working days after the results are announced.

Rewarding points can be used to exchange gifts at Rewards Club.

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