META
Meta Platforms, Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Meta Platforms, Inc.
Meta Platforms, Inc. develops products that enable people to connect and share. Family of Apps includes Facebook, Instagram, Messenger, WhatsApp, Threads, and Meta AI. Reality Labs includes Quest VR devices, Ray-Ban Meta and other AI glasses, and related software and content. Advertising on the apps is the primary revenue source.
Coverage
Meta's Disclosed Hyperion Exposure Is $46.03bn, Nearly Twice the Bond at a Record Low
Meta's 10-Q caps Hyperion exposure at $46.03bn, 1.69x the $27.3bn bond being marked. The bond is down 5.6 points; Meta's own 2055 note is down 17.8.
Amazon Barred Meta's Agent on Its Conditions of Use, the One Claim It Did Not Lose
Amazon blocked Muse on 20 September citing its customer agreement, not the anti-hacking law it lost on 4 August. Shopify opened Shop Pay to it next day.
Meta Sized the Muse VM With the Word 'Enough'. X Posts Made It 1.58 Million Chips.
Meta promised every Muse user a dedicated VM and never published its size. The 2 vCPU / 8 GB / 100 GB behind 1.58 million AMD chips came from users.
JPMorgan Cut Meta Twice on AI Spending, Then Upgraded With Its 2027 Capex Forecast $41 Billion Higher
JPMorgan upgraded Meta to $820 on AI products Meta has never reported revenue for — after raising its own 2027 capex forecast to $243bn from $202bn.
Europe's Cloud Is 70% U.S.-Run. AI Is Concentrating the Next Wave of Capacity.
Amazon, Microsoft and Google hold 70% of Europe's cloud market, versus 15% for local providers. Hyperscalers may drive 65–70% of 2028 data-center demand.
Meta Is Building Toward 14 GW. Its Rentable Compute Is Still a Thin Slice.
Meta targets 14 GW by 2027 while remaining a major compute buyer. This deep dive maps its Titans, silicon, workloads, utilization and rentable capacity.
Where the revenue goes next
Latest: $60.80B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $21.47B |
| 2020Q4 | $28.07B |
| 2021Q1 | $26.17B |
| 2021Q2 | $29.08B |
| 2021Q3 | $29.01B |
| 2021Q4 | $33.67B |
| 2022Q1 | $27.91B |
| 2022Q2 | $28.82B |
| 2022Q3 | $27.71B |
| 2022Q4 | $32.16B |
| 2023Q1 | $28.64B |
| 2023Q2 | $32.00B |
| 2023Q3 | $34.15B |
| 2023Q4 | $40.11B |
| 2024Q1 | $36.45B |
| 2024Q2 | $39.07B |
| 2024Q3 | $40.59B |
| 2024Q4 | $48.38B |
| 2025Q1 | $42.31B |
| 2025Q2 | $47.52B |
| 2025Q3 | $51.24B |
| 2025Q4 | $59.89B |
| 2026Q1 | $56.31B |
| 2026Q2 | $60.80B |
Latest: $6.18 (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $2.71 |
| 2020Q4 | $3.87 |
| 2021Q1 | $3.30 |
| 2021Q2 | $3.61 |
| 2021Q3 | $3.22 |
| 2021Q4 | $3.64 |
| 2022Q1 | $2.72 |
| 2022Q2 | $2.46 |
| 2022Q3 | $1.64 |
| 2022Q4 | $1.76 |
| 2023Q1 | $2.20 |
| 2023Q2 | $2.98 |
| 2023Q3 | $4.39 |
| 2023Q4 | $5.30 |
| 2024Q1 | $4.71 |
| 2024Q2 | $5.16 |
| 2024Q3 | $6.03 |
| 2024Q4 | $8.02 |
| 2025Q1 | $6.43 |
| 2025Q2 | $7.14 |
| 2025Q3 | $1.05 |
| 2025Q4 | $8.88 |
| 2026Q1 | $10.44 |
| 2026Q2 | $6.18 |
Latest: 21.2 (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | 29.6 |
| 2020Q4 | 26.9 |
| 2021Q1 | 25.0 |
| 2021Q2 | 25.6 |
| 2021Q3 | 24.1 |
| 2021Q4 | 24.2 |
| 2022Q1 | 16.7 |
| 2022Q2 | 13.3 |
| 2022Q3 | 12.8 |
| 2022Q4 | 13.9 |
| 2023Q1 | 26.1 |
| 2023Q2 | 33.2 |
| 2023Q3 | 26.3 |
| 2023Q4 | 23.6 |
| 2024Q1 | 27.7 |
| 2024Q2 | 25.6 |
| 2024Q3 | 26.9 |
| 2024Q4 | 24.4 |
| 2025Q1 | 22.4 |
| 2025Q2 | 26.7 |
| 2025Q3 | 32.4 |
| 2025Q4 | 28.1 |
| 2026Q1 | 20.8 |
| 2026Q2 | 21.2 |
Latest: $1.75B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $6.14B |
| 2020Q4 | $9.43B |
| 2021Q1 | $7.97B |
| 2021Q2 | $8.63B |
| 2021Q3 | $9.78B |
| 2021Q4 | $12.73B |
| 2022Q1 | $8.76B |
| 2022Q2 | $4.67B |
| 2022Q3 | $337M |
| 2022Q4 | $5.52B |
| 2023Q1 | $7.17B |
| 2023Q2 | $11.18B |
| 2023Q3 | $13.91B |
| 2023Q4 | $11.81B |
| 2024Q1 | $12.85B |
| 2024Q2 | $11.20B |
| 2024Q3 | $16.47B |
| 2024Q4 | $13.56B |
| 2025Q1 | $11.09B |
| 2025Q2 | $9.02B |
| 2025Q3 | $11.17B |
| 2025Q4 | $14.83B |
| 2026Q1 | $13.23B |
| 2026Q2 | $1.75B |
Latest: 2.57B (2026Q2)
| Period | Value |
|---|---|
| 2018Q3 | 2.91B |
| 2019Q1 | 2.87B |
| 2019Q2 | 2.88B |
| 2019Q3 | 2.87B |
| 2020Q1 | 2.87B |
| 2020Q2 | 2.88B |
| 2020Q3 | 2.89B |
| 2021Q1 | 2.88B |
| 2021Q2 | 2.88B |
| 2021Q3 | 2.86B |
| 2022Q1 | 2.74B |
| 2022Q2 | 2.71B |
| 2022Q3 | 2.69B |
| 2023Q1 | 2.60B |
| 2023Q2 | 2.61B |
| 2023Q3 | 2.64B |
| 2024Q1 | 2.62B |
| 2024Q2 | 2.61B |
| 2024Q3 | 2.60B |
| 2025Q1 | 2.59B |
| 2025Q2 | 2.57B |
| 2025Q3 | 2.57B |
| 2026Q1 | 2.56B |
| 2026Q2 | 2.57B |
Latest: $323.46B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $96.41B |
| 2020Q4 | $105.83B |
| 2021Q1 | $113.80B |
| 2021Q2 | $122.44B |
| 2021Q3 | $132.21B |
| 2021Q4 | $144.95B |
| 2022Q1 | $153.71B |
| 2022Q2 | $158.38B |
| 2022Q3 | $158.71B |
| 2022Q4 | $164.24B |
| 2023Q1 | $171.41B |
| 2023Q2 | $182.59B |
| 2023Q3 | $196.49B |
| 2023Q4 | $208.31B |
| 2024Q1 | $221.15B |
| 2024Q2 | $232.35B |
| 2024Q3 | $248.81B |
| 2024Q4 | $262.38B |
| 2025Q1 | $273.46B |
| 2025Q2 | $282.49B |
| 2025Q3 | $293.65B |
| 2025Q4 | $308.49B |
| 2026Q1 | $321.71B |
| 2026Q2 | $323.46B |
Latest earnings
Company History
Established as TheFacebook, Inc. on February 4, 2004, in Cambridge, Massachusetts, by Mark Zuckerberg and others as a social media platform.
Acquired Instagram for approximately $1 billion in cash and stock in April, expanding Meta
Filed for IPO on January 1, raised $16 billion on May 18, valuing the company at $104 billion, marking the largest valuation for a newly public company at the time.
Purchased Oculus VR for $2.3 billion in cash and stock, entering the virtual reality market with plans for metaverse development.
Bought WhatsApp for $19 billion in cash and stock, completed on October 6, to bolster messaging services.
Renamed from Facebook, Inc. to Meta Platforms, Inc. on October 28, shifting focus to building the metaverse with virtual and augmented reality technologies.
Laid off 11,000 employees (13% of workforce) in November, attributing cuts to over-investment, economic downturn, and ad revenue losses from privacy changes.
Introduced Threads app on July 6 as a competitor to Twitter, amid growth in AI focus and revenue surpassing expectations.
Key Players
showing 6 of 19
The CEO view — 10 podcasts, interviews & articles →
Similar stocks in Mega-Cap Tech
Funds we follow holding META
By latest reported 13F position value. Market value at quarter-end, not cost basis.
Showing 5 of 12 · show all 12 funds
