What a day for Meta
Yesterday after the closing bell Meta reported their earnings. And what a blast it was!
Sales where up +25% YoY with a revenue of 40 billion dollars in Q4. Earnings tripled YoY to a stunning 14 billion dollars. That is $5.33 per share. Really good results but it got even better: Meta will start paying a dividend and announced its first one ever with a payout of 50 Cents per share. That’s not much but it will probably rise over time and shows the strong financial position, Meta seems to be in.
From Recovery to Rally
Shares jumped +22% today and marked a new ATH at $485. After Meta had a disastrous year 2022 we now can say that Zuckerbergs’ company is back, stronger than before. The stock recovered from the low in 2022 and is up +400% since then. A massive rally within 1,5 years!
Personal view
Meta is performing excellent these days and from a pure investment point of view it is doing great but for me personally it’s still not a buy. I just don’t like the business model of Meta and I cannot wrap my head around Zuckerberg and his vision & thinking. Just my personal view.
Are you invested in Meta?