Company Reports

We view Meta as the clear winner in social media. The firm’s application lineup, which includes Facebook, Instagram, WhatsApp, and Messenger, has more than 3.5 billion monthly active users, giving Meta unmatched scale in the sector.

Meta reported third-quarter results that included top-line growth of 26% to $64.6 billion and adjusted operating margins contracting 500 basis points to 35%. Rising AI-related costs continue to drive the margin contraction. Meta expects fourth-quarter sales to grow between 21%-27%.

Meta announced on Sept. 28 that it is launching a new enterprise platform. CJ Desai from MongoDB will join the company as Chief Enterprise Platform Officer to lead the effort. Meta stock dropped 4% following the announcement.

On Sept. 8, 2026, Meta released Muse, a personal AI agent that can interact with the digital world and help users complete real-world tasks such as booking travel, making purchases, and managing communication. Shares of Meta are up more than 6% today.

Meta agreed to pay $17 billion in fines and make platform-level safety changes, including daily use limits, notification blocking, and overnight restriction aimed at teen users in a settlement. The proposed deal required court approval.

We view Meta as the clear winner in social media. The firm’s application lineup, which includes Facebook, Instagram, WhatsApp, and Messenger, has close to 4 billion monthly active users, giving Meta unmatched scale in the sector.

Meta reported its second-quarter earnings, with sales up 28% to $61 billion and adjusted margins down to 31% from 43% a year ago, as artificial intelligence investments, coupled with one-time legal and severance charges, drove margins lower. Guidance calls for $62.5 billion in sales next quarter.

Multiple news outlets reported on July 1 that Meta was considering renting excess artificial intelligence compute capacity to external customers. The firm's shares traded up around 10% on the news.

Meta kicked off fiscal 2026 with strong results, with the firm's top line growing 33% to $56 billion. The firm's operating margins contracted 90 basis points to 41% as AI-related costs rise. The firm also raised its capital expenditure guidance for 2026 to $135 billion from $125 billion.

On April 8, Meta launched Muse Spark, a multimodal reasoning model with advanced tool use and agent orchestration capabilities. The model's performance on various industry benchmarks was loosely in line with state-of-the-art models such as Anthropic's Claude Opus 4.6 and Google's Gemini 3.1.

Meta faced two major legal blows in quick succession as verdicts in California and New Mexico cases went against the firm, imposing near-term financial penalties while also increasing longer-term regulatory risks for the broader social media space. Shares closed down 8% for the day.

AMD and Meta announced an expanded strategic partnership where Meta may deploy up to 6 gigawatts of AMD customized GPU solutions, with the first GW expected to begin in the second half of 2026. Meta has the option to acquire 160 million AMD shares via warrants.

We view Meta as the clear winner in social media. The firm’s application lineup, which includes Facebook, Instagram, WhatsApp, and Messenger, has close to 4 billion monthly active users, giving Meta unmatched scale in the sector.

Meta reported strong fourth-quarter earnings, with sales growing 24% to $60 billion. Operating margins contracted 700 basis points to 41% as AI-related costs continue to mount. The firm's 2026 guidance calls for $125 billion in capital expenditures and $162 billion in operating expenses.

Meta reported solid third-quarter earnings, with sales up 26% to $51 billion and operating margins contracting 300 basis points to 40%, as artificial intelligence-related costs rose year over year. The firm indicates that its capital expenditures, mostly on AI, will be over $100 billion next year.

We view Meta as the clear leader in social media. The firm’s application lineup, which includes Facebook, Instagram, WhatsApp, and Messenger, has close to 4 billion monthly active users, giving Meta unmatched scale in the sector.

Meta closed the second quarter of fiscal 2025 with excellent financial results which included sales growing 22% to $47.5 billion and operating margins rising 500 basis points to 43%. The firm's capital expenditures for 2025 are expected to reach $69 billion, up from $68 billion previously estimated.

On June 16, Meta announced that the company will begin placing ads on WhatsApp, a messaging app with over 3 billion monthly users. The ads will show up on the Updates tab, a WhatsApp feature used by more than 1.5 billion users daily.

Over the weekend, multiple news outlets reported that Meta was looking to invest around $10 billion in Scale AI, a startup that provides data labelling services to model developers. Scale AI's most recent funding round, back in 2024, valued the firm at $14 billion.

Meta kicked off fiscal 2025 with a set of strong financial results and better-than-expected outlook for second-quarter sales as ad spending on the firm's platform remains solid. On the profitability front, Meta's operating margins expanded 360 basis points in the quarter to 41%.