Company Of The Day: Meta Platforms

+7.66%
Upside
473
Market
509
Trefis
META: Meta Platforms logo
META
Meta Platforms

What?

Facebook parent Meta Platforms (NASDAQ:META) posted a tough set of Q3 2022 results, with revenue declining by about 4% versus last year to $27.7 billion and earnings falling by almost 50% to $1.64 per share.

Why?

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Meta has been hit by a host of factors including economic headwinds which are impacting ad spending, mounting competition from TikTok, and Apple’s privacy changes to its iOS operating system.

So What?

Meta stock declined by almost 25% on Thursday.

See Our Complete Analysis For Meta

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

 Returns Oct 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 META Return -28% -71% -15%
 S&P 500 Return 6% -20% 70%
 Trefis Multi-Strategy Portfolio 4% -23% 204%

[1] Month-to-date and year-to-date as of 10/28/2022
[2] Cumulative total returns since the end of 2016

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