Meta's performance has been strong for 4 consecutive quarters. Since we vaguely determined “TikTok is not to be feared” based on the number of users and revenue and profit a few qs ago, Meta has shown extremely stable performance and is worthy of its dominant position under the strong network effect of “social networks.”
In particular, net profit, this quarter achieved net profit of 14.017 billion US dollars in a single quarter, or against the backdrop of a metaverse loss of 4.646 billion US dollars. The best profit in history for a single quarter was 115.83, which was created during the last quarter.
1. Let's review the first two Qs strong financial reports
[2023Q3 Earnings Review]:futunn.com/ feed...7D
“Net profit for a single quarter was 11.583 billion US dollars. After the restructuring expenses were added back in Q2, it was 10.483 billion US dollars. The month-on-month increase was also 1 billion US dollars. The net profit margin reached 33.92%, an increase of 1 percentage point over the previous month. You need to know that this is still in the context of the Metaverse family losing 3,742 billion US dollars.
Strong financial reports brought the static PE back to 19.75 times (based on the after-market closing market value of 744.919 billion US dollars). Q4 revenue** was much larger than Q3's 34.146 billion dollars. Conservatively assuming net profit of Q412 billion US dollars, Meta's net profit for fiscal year 2023 was as high as 40.87 billion US dollars, and the price-earnings ratio would drop to 18.23 times.
It really is a money making machine
According to the post-market share price of 289.5, the current market value is about 774.919 billion US dollars, TTM is profitable (plus back...