$Meta Platforms(META.US) earnings tonight key points:
Bottom line: I expect the stock will be up because Zuckerberg will remind investors long term he wants revenue to grow faster than expenses.➡️ Last quarter the stock traded down 11% after the print on the flip of the script around the relationship between revenue and expense growth.➡️Street is looking for 22% ad growth compared to 26% in Sep. March the Street is looking for 21.5% growth.➡️The key question is when will we see margins improve. Street is expecting 40.9% in December, compared to 40.1% in September, but investors expect it to dip to 36.1% in March and 36% for June and September.➡️ Capex. The street is expect 57% increase in CY25 over CY24. I don't expect that to change tonight. The Street is looking for AMZN up 17%, GOOG up 29% and MSFT up 30%. ➡️On the call, I'll be listening for updates on how they will monetize a proprietary (yet to be released) model that goes beyond Llama.➡️Also, has there been any uptake on the new glasses? I think the answer is growing off a small base.Source: Gene Munster
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