Core Insights - Meta Platforms reported Q4 2025 revenue of $59.89 billion, exceeding the $58.41 billion forecast, with an EPS of $8.88, up 8.4% from the consensus of $8.19 [2] - The Q1 2026 revenue forecast is between $53.5 billion and $56.5 billion, significantly above the $51.4 billion expected by analysts, indicating a 30% growth acceleration [3] Financial Performance - Meta's capital expenditure (Capex) for 2026 is projected to be between $115 billion and $135 billion, a substantial increase from the $72.22 billion invested in 2025 [5] - Reality Labs reported a loss of $6 billion in the quarter, which is about 10% of total revenue, but the market is accepting these losses as long as advertising revenue continues to grow above 20% [6] Market Position - The stock is trading at a trailing P/E of approximately 30x, with a Q4 EPS of $8.88 and an annual EPS of $23.50 for 2025 [7] - The revenue growth of 24–30% justifies the 30x multiple compared to peers, with a current share price valuation of $843 and an expected upside potential of over 20% [9] Strategic Initiatives - Meta is focusing on monetizing its AI investments, with plans to integrate large language models into its recommendation systems for Instagram and Facebook [5] - The company aims to cap losses from Reality Labs in 2026, with expectations of gradual decreases in losses thereafter [6]

北京时间1月29日，Meta发布了2025年第四季度财报，受广告业务推动，公司第四季度营收及2026 年第一季度营收指引均显著超出市场预期，财报发布后Meta盘后一度大涨超9%，随后回落至7%左 右。 2026.01. 29 本文字数：1311，阅读时长大约3分钟 作者 | 第一 财经 刘晓洁 | | | | Three Months Ended December 31, | | | | Twelve Months Ended December 31, | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | In millions, except percentages and per share amounts | | 2025 | | 2024 | % Change | 2025 | | 2024 | % Change | | Revenue | દ | 59,893 | S | 48,385 | 24 % % 8 | 200,966 | | 164,501 | 22 % | | Costs and expenses | ...

2025年Meta收入超2000亿美元。 北京时间1月29日，Meta发布了2025年第四季度财报，受广告业务推动，公司第四季度营收及2026 年第一季度营收指引均显著超出市场预期，财报发布后 Meta盘后一度大涨超9%，随后回落至7%左右。 | | | | Three Months Ended December 31, | | | Twelve Months Enc | | | --- | --- | --- | --- | --- | --- | --- | --- | | In millions, except percentages and per share amounts | | 2025 | | 2024 | % Change | 2025 | | | Revenue | S | 59,893 | ક | 48,385 | 24 % $ | | 200,966 | | Costs and expenses | | 35,148 | | 25,020 | 40 % | | 117,690 | | Income from operations | S | 24,745 | દ | 23,365 | ...

We're back on Morning Trade Live. We'll get a closer look at the Mag 7 starting this afternoon when Meta, Microsoft, and Tesla all report quarterly earnings. Tesla and Microsoft have made modest gains over the last 12 months.Meta has been the lagard though of the group, just below the flatline for the year. So, let's go inside out on Meta ahead of earnings. Joining us now is Melissa Otto, head of Visible Alpha Research, S&P Global Market Intelligence.Joining me around the desk this morning. Hello to you, Me ...

Core Viewpoint - Meta Platforms is set to report its Q4 2025 earnings on January 28, 2026, with expected revenues between $56 billion and $59 billion, indicating a year-over-year growth of approximately 21% [1]. Financial Performance - In Q3 2025, Meta reported revenues of $51.24 billion, exceeding expectations of $49.41 billion, with an adjusted EPS of $7.25, surpassing the forecast of $6.67 [1][2]. - The company expects total expenditures for 2025 to be between $116 billion and $118 billion, up from previous estimates of $114 billion to $118 billion, reflecting a year-over-year growth rate of 22% to 24% [1][13]. - Capital expenditures for 2025 are projected to be between $70 billion and $72 billion, higher than the prior estimate of $66 billion to $72 billion [1][13]. Operational Highlights - Q3 2025 saw a 26% year-over-year increase in revenue, with daily active users averaging 3.54 billion, an 8% increase [2]. - The advertising revenue from Meta's family of apps grew by 26% year-over-year, reaching approximately $50.1 billion [10]. - The average price per ad increased by 10% year-over-year, and the number of ad impressions rose by 14% [2][10]. Challenges and Risks - The Reality Labs division reported an operating loss of $4.43 billion in Q3 2025, continuing a trend of significant losses since 2021, with cumulative losses exceeding $70 billion [8]. - Despite a 74% year-over-year revenue growth in Reality Labs to $470 million, management anticipates a decline in Q4 revenue due to the absence of new VR headset launches in 2025 [8][14]. Future Outlook - Investors will focus on key areas in the upcoming Q4 earnings report, including the performance of the advertising business, the impact of AI investments, and the ongoing challenges faced by Reality Labs [9][15]. - The company is expected to provide insights into spending trends for 2026, with indications that expenditure growth will be "significantly larger" [13][15]. Market Performance - As of the end of 2025, Meta's stock price increased by 12.74%, closing at $660.09, which is lower than the Nasdaq 100 index's total return of 21% for the year [17]. - The stock has experienced volatility, with a significant drop of 11.33% following the Q3 earnings report, primarily due to tax impacts distorting GAAP earnings [7][17]. Strategic Focus - CEO Mark Zuckerberg emphasized the strong performance of the business and community, highlighting the potential for exciting developments in the coming years, particularly in AI and augmented reality [4]. - The integration of AI is central to Meta's strategy, with a focus on enhancing advertising effectiveness and user engagement through advanced models and infrastructure [12].

Meta’s new artificial intelligence lab has reportedly delivered its first AI models internally.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Andrew Bosworth, the company’s chief technology officer, told Reuters W ...

Core Insights - The increasing dominance of Reels in Meta's advertising strategy is evident, with over 50% of ads on Instagram being run through Reels in 2025, up from 35% in 2024 [1] - Reels accounted for 46% of time spent on Instagram in 2025, a significant increase from 37% in 2024, while Facebook's Reels usage reached 29% in 2025 [1] Group 1: Engagement and Revenue - The rise of Reels is crucial for Meta's engagement and advertising revenue across Instagram and Facebook, as vertical video content is increasingly favored by users [2] - AI-driven recommendation systems are enhancing user engagement by surfacing personalized video content, which has positively impacted Reels' revenue [3] - Advertisers are shifting their focus towards short-form video content to better reach consumers on Reels, reflecting a broader trend in advertising strategies [3] Group 2: Monetization Challenges - Despite the growth in Reels, monetization remains a challenge for Meta, as short-form videos typically generate less revenue compared to the main feed [4] - Meta's CEO highlighted the trade-off between increased engagement from Reels and the lower monetization efficiency compared to the Feed, indicating a potential revenue loss [5] - The overall activity on Instagram has increased, with daily active users up by 2% since last year, driven by Reels usage [5] Group 3: Future Projections - Analysts believe that the growing viewership on Reels could still lead to higher overall advertising revenue for Meta, despite the lower monetization rate compared to the Feed [6] - Meta's Reels have surpassed a $50 billion annual run rate, and analysts are keen to see growth figures in the upcoming fourth-quarter and full-year results for 2025 [7]

Core Viewpoint - Meta's acquisition of AI company Manus for approximately $2 billion marks a significant and rapid transaction in the tech industry, raising questions about the valuation and the strategic necessity behind the deal [1][3][9]. Group 1: Acquisition Details - The acquisition was finalized in just a few weeks, making it Meta's third-largest acquisition after WhatsApp and Scale AI [1]. - Manus, which transitioned to the AI sector less than three years ago, has generated $125 million in revenue within a year of launching its first product [8][9]. - The deal has sparked considerable interest and debate within the tech community, especially given Manus's recent move from Wuhan to Singapore [1][2]. Group 2: Meta's Perspective - Meta has faced challenges in maintaining market confidence, particularly after the perceived failure of its metaverse initiatives, despite current revenue growth [5][7]. - The company has been criticized for its high capital expenditures in AI, which have led to downgrades from several financial institutions [5][7]. - The acquisition of Manus is seen as a potential solution to restore investor confidence and provide new growth opportunities across various sectors, including social media and enterprise services [9][18]. Group 3: Manus's Perspective - Manus, while effective, has limitations in efficiency and integration into existing workflows, which could hinder its long-term success without the backing of a larger entity like Meta [11][12]. - The AI agent market is crowded with subpar products, making Manus's established revenue and operational capabilities particularly valuable [15][16]. - The partnership with Meta could enhance Manus's market presence and allow it to leverage Meta's resources for further growth [16][17]. Group 4: Regulatory Considerations - The Chinese Ministry of Commerce announced an evaluation of the acquisition concerning export controls and compliance with legal regulations, adding uncertainty to the deal [2][17]. - The potential for delays in the transaction due to regulatory scrutiny could impact both companies' strategic timelines in the rapidly evolving AI landscape [17][18].

Group 1 - Major stock index futures are showing positive trends, with Dow futures up 0.33%, S&P 500 futures up 0.63%, and Nasdaq futures up 1.07% [1] - Chinese concept stocks are mostly rising, with Baidu up 12%, NIO up 4%, and Alibaba, Bilibili, JD.com, and Futu Holdings all seeing increases of 2-3% [2] - Star technology stocks are also experiencing gains, with Micron Technology up over 3%, Tesla up nearly 2.5%, and Nvidia and AMD both up nearly 2% [2] - Precious metals are seeing significant increases, with silver up 4% at $74.34 per ounce and gold up 1.54% at $4,385.35 per ounce [2] Group 2 - NIO's founder and CEO Li Bin announced in a company-wide letter that the company is about to reach the milestone of producing its 1 millionth vehicle, with plans to enhance sales and service networks by 2026 to better compete in the market [2] - Meta's stock is up nearly 1%, as reports indicate that its short video platform Reels is seeking to transition into the television space [3] - Stellantis is resuming production of the V8-powered Ram TRX pickup truck, with stock up over 3%, following the relaxation of U.S. federal emissions regulations [3] - According to CME's "Fed Watch," there is an 85.1% probability that the Federal Reserve will maintain interest rates in January, with a 14.9% chance of a 25 basis point cut [3] Group 3 - SpaceX's Starlink program plans to lower the orbital altitude of its satellites from 550 km to 480 km in 2026 to enhance space operation safety, with over 9,300 satellites currently in orbit and expected to exceed 10,000 by March 2026 [4]

Group 1 - Major stock indices futures are up, with Dow futures rising by 0.33%, S&P 500 futures increasing by 0.63%, and Nasdaq futures gaining 1.07% [1] - Chinese concept stocks are mostly up, with Baidu rising by 12%, NIO by 4%, and Bilibili, Alibaba, JD.com, Futu Holdings, and Pony.ai all increasing by 2% [1] - Star technology stocks are also seeing gains, with Micron Technology up over 3%, Tesla rising nearly 2.5%, and Nvidia and AMD both increasing by nearly 2% [1] Group 2 - Precious metals are experiencing significant increases, with spot silver rising by 4% to $74.34 per ounce and spot gold increasing by 1.54% to $4,385.35 per ounce [2] - NIO's founder and CEO Li Bin announced in a company-wide letter that the company is about to reach the milestone of producing its 1 millionth vehicle and plans to enhance its sales and service network by 2026 to better compete in the market [2] - Stellantis shares are up over 3% as the company resumes production of the V8-powered Ram TRX pickup truck, with plans to launch the 2027 model by the end of 2026 at a price of approximately $100,000 [2] Group 3 - According to CME's "FedWatch," there is an 85.1% probability that the Federal Reserve will maintain interest rates in January, with a 14.9% chance of a 25 basis point cut [3] - SpaceX's Starlink program plans to lower the orbital altitude of its satellites from 550 kilometers to 480 kilometers in 2026 to enhance space operation safety, with over 9,300 satellites currently in orbit and expected to exceed 10,000 by March 2026 [3]