Meta Platforms, Inc. (Buy, TP: $145) META 4Q22 Flash: Most important metrics all beat expectations
META guided to a better 1Q23 revenue outlook than expected and lowered 2023 operating expense and capex guides once again (also re-upped the share buyback by another $40B). On the call, we look for an update on Reels' revenue run-rate (last at $3B) and an update on traction of new ad tech, especially Advantage+.Facebook is building and engaging products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices. The company's products include: Facebook, which enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, which is a place where people can express themselves through photos, videos, and private messaging, and explore their interests in businesses, creators and communities; Messenger and WhatsApp, which are messaging applications; and Oculus, which connects people through its Oculus virtual reality products.
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