From Nasdaq: 2024-04-30 10:00:00

Shares of Meta Platforms (NASDAQ: META) and Alphabet moved in opposite directions after their latest earnings reports. Meta’s stock stumbled due to a softer revenue forecast and higher spending. Meanwhile, Alphabet’s stock surged on strong advertising and cloud businesses, along with a $70 billion buyback plan and its first dividend.Meta is now worth $1.12 trillion, while Alphabet recently hit an all-time high market cap of $2.15 trillion. Meta’s revenue grew at a compound annual growth rate (CAGR) of 41% from 2011 to 2021, driven by its social media ecosystem. However, in 2022, its revenue and EPS declined due to challenges like Apple’s data tracking opt-outs and competition from TikTok.Meta’s stock has rebounded more than 400% since hitting a low in 2022. In 2023, it saw revenue and EPS growth of 16% and 73%, respectively, with plans to expand its Reality Labs segment. For 2024 and 2025, analysts predict revenue growth of 18% and 35%. Long-term growth potential remains as Meta seeks to monetize its 3.24 billion daily app users.



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