“Meta’s $39.1 billion of Q2 revenue beat average analyst forecasts of $38.3 billion in sales, while its $5.16 billion earnings per share ($13.5 billion net income) smashed estimates of a $4.72 profit per share ($12.3 billion), according to FactSet.”
Bullish😏
https://www.forbes.com/sites/dereksaul/2024/07/31/meta-earnings-deliver-stock-jumps-as-profits-soar-73/
Posted by tripleheavn
20 Comments
I guess the guy who did a post a few days ago telling us he’s shorting Meta’s earnings because his Facebook ads don’t show the same effectiveness anymore was wrong.
Profits up 73 percent , up 5 percent after hours smh
But I don’t understand…
Reddit said that it would go down to $0!
Meta’s results point to continued share gains in the digital ad market, the company’s core business. Advertising revenue, which comes largely from the Facebook and Instagram apps, rose 22% from a year earlier. Last week, top rival Alphabet
reported an 11% increase in Google ad sales, with YouTube missing estimates.
I thought nobody is using Facebook?
I knew I should’ve invested the 31 cents I have in my robinhood account. Damn.
Anyone betting against ad campaigns in a disputed election year deserves to get wrecked lol. Meta makes all their money in ads…
Because they didn’t spend failed billions on metaverse this year
It’s election year not surprising
As someone who has worked in performance marketing for over a decade, I’ve been allocating more media dollars to Meta this year than to Google. Are things as good as they used to be? No, but we still need to drive ROAS somehow.
Poor ad spend guy… If ads cost more then meta is making more money. Just because you broke doesn’t mean Temu and the politicians are.
You can’t cuck the zuck
GOSH BLASTED CAN WE PLEASE GET A STOCK SPLIT
This company is a fucking scam. Full of ai and boomers on FB, “influencers” and kids on IG. It’s one massive circlejerk of stupidity and dumbing the world down. Meanwhile retahded companies think it’s a platform to put ad money in and cuckerberg buys Hawaii.
This planet is fucked
“$5.16 billion earnings per share”
Wow. 5 billion earnings PER share.
Valuable company!
Options are kill, atm calls only gonna see 50% upside and otm calls either dead or mild upside assuming this opens at 510
Guy who shorted META confirmed dead this evening
Is it primarily facebook ads that generate this much revenue? What’s the money maker in the company umbrella?
How the fuck do they make so much money?
well thank fuck, my 485 calls were down 66%
LFG NVIDIA 🚀🚀🚀