Added to YB: 2026-08-03
Pitch date: 2026-07-31
META [neutral]
Meta Platforms, Inc.
Author Info
No bio for this author
Company Info
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses in the United States, Canada, Europe, Asia-Pacific, and internationally.
Market Cap
$1.4T
Pitch Price
N/A
Price Target
N/A
Dividend
0.38%
EV/EBITDA
12.64
P/E
20.98
EV/Sales
6.31
Sector
Interactive Media and Services
Category
value
Meta Platforms, Inc. $META Second Quarter 2026 Earnings Update
META (earnings): Q2 rev +28%, stock -10%. Price/ad +12% (2nd qtr), impressions decelerating — AI capex converting to revenue. But op margin fell 43%→31%, FCF $8.5B→$784M; declined to guide 2027 capex again vs Alphabet guiding up. Capex ~50% of rev; $50B PP&E added in 6mo, mostly not yet depreciating — D&A wave (19-21% of rev) hits 2029-33. Wave one (R&D +67%, SBC +58%) compressing margins now. Zero buybacks, $24.9B debt issued. Base case needs 40%+ global ad share by 2036 (27% today). Thesis: mispriced timing gap + optionality (agents, glasses, API) + trust in Zuckerberg. 3+ yr resolution.
Read full article (9 min)