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●Rice $Meta Platforms(META.US)$(formerly Facebook)After closing on 4/24 EST（Early morning on the 25th Japan timeWe plan to announce financial results for the 24Q1 (fiscal year ending January-March) on).
● According to market consensus, Meta's first quarter sales were compared to the same period last year$36.156 billion, up 26.22%, EPS compared to the same period last year$4.31, up 95.99%It is expected.
Meta achieved advertising business sales of 38.76 billion dollars and a group-wide service DAU of 3.19 billion people in 23Q4. The company also announced an additional share buyback of 7 trillion yen and its first quarterly dividend plan. Our large investment in artificial intelligence (AI) paid off, showing steady profit growth and cash flow.
Are valuations still reasonable?
Meta's stock price has achieved a year-on-year rate of increase of approximately 125% over the past 12 months, and is significantly outperforming the stock market as a whole in 2024.
According to Moomoo data, the market forecast for Meta's first quarter financial results is that sales are 26 compared to the same period last year...