$Meta Platforms (META.US)$On July 19, 2023, the current pric...

New data: 2022 second half and full year report, 2023 Q1 data.

In 2022, revenue declined by 1.1%, operating profit plummeted by 38.1%, net income declined by 41.1%, and the decline in profits was mainly due to the sharp increase in research and development expenses.

In Q1 2023, revenue grew by 2.6%, operating profit continued to decline by 15.2%, net income declined by 23.5%, and the decline in profits was still mainly due to the sharp increase in research and development expenses. It seems that the low profit margin will continue for a while.

Currently, the pe ratio is 36.5, the pe ratio TTM is 38.9, and the valuation and growth rate in recent years no longer have a discount advantage. It can be closed out and exited. Considering it is a leading company in the industry, only a small amount of observation position is retained.