Meta Platforms: Outperforming The Magnificent Seven

Summary:

  • Meta Platforms reports strong Q4’23 earnings, beating consensus expectations in revenues, operating income, and GAAP EPS.
  • Meta Platforms announces a $50 billion increase in its stock repurchase authorization and initiates a quarterly dividend.
  • The year of efficiency has led to a leaner cost structure for Meta Platforms and higher margins.
  • Engagement across the Family of Apps reached an all-time high as Reels and the discovery engine continued to improve engagement.

Social media app mockups for user profile, gallery and single photo views

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Meta Platforms (NASDAQ:META) recently published its Q4’23 earnings report and made a significant announcement surrounding capital return to shareholders.

I have covered Meta Platforms extensively on Seeking Alpha. Since the last article, the stock has gone up 53%, more than


Analyst’s Disclosure: I/we have a beneficial long position in the shares of META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


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