Meta Platforms Q1 FY12/24 Earnings Review
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Not Only Only-Up
by Alex King
Meta Platforms reported its Q1 of FY12/24 after the close yesterday. The stock headed for the basement and kept digging; down 17% at one point during post-market trading hours. At the time of writing (5am Eastern) it’s now down ‘only’ 13%. On the surface, the numbers were good. Revenue growth accelerated, margins were up, cash levels dropped some but it still has more net cash resources than most small countries, so the wolf won’t be at the door anytime soon.
Here’s the headline numbers - we go on below to discuss the stock outlook, our rating and target prices (for paying members only)
