Joining me now is Jason Helstein, head of internet research at Oppenheimer. Um, so there's uncertainty around AI. We've kind of seen this before with the metaverse and meta.Uh, how much of this is kind of sentiment driven or what is missing from the meta equation that you would actually like to see. >> Sure. So the the company's basically giving you pretty um explicit commentary that spending is going up meaningfully.You can compare the adjectives used this quarter versus last quarter. But the point is the ...

Each week we run a DCF (Discounted Cash Flow) model on a company from our watchlist. This week’s pick: Meta Platforms, Inc. (META).ProfileMeta Platforms is the world’s leading social technology company, operating a family of apps including Facebook, Instagram, WhatsApp, and Messenger, alongside its emerging virtual and augmented reality ecosystem under Reality Labs. With over 3 billion users across its platforms, Meta continues to dominate global digital advertising, while investing heavily in AI-driven eng ...

财务业绩 - 第三季度预订量达19.2亿美元，远超分析师预期的17.2亿美元，较上年同期的11.3亿美元大幅增长[2] - 第三季度每股亏损0.37美元，优于分析师预期的每股亏损0.49美元，与上年同期每股亏损0.37美元持平[2] - 公司预计第四季度预订量中值为20.3亿美元，高于市场普遍预期的18.4亿美元，上年同期为13.6亿美元[3] 用户与运营指标 - 第三季度平均日活跃用户数达1.515亿，同比增长70%，显著超过分析师预期的1.322亿用户[3] - 用户参与度受到热门游戏的推动，例如《Grow a Garden》、《Steal a Brainrot》和《99 Nights in the Forest》[3] - 平台和创作者生态系统健康度达到新高，得益于广泛的基础实力、新的病毒式热门内容以及对创作者经济、平台性能、内容发现和虚拟经济的战略投资[4] 战略与市场定位 - 公司目标是占据全球游戏市场10%的份额，第三季度业绩显示公司在实现该目标方面取得巨大进展[4] - 公司正大力投资构建其元宇宙版本，这是一个供人们社交和玩游戏的3D虚拟空间，其在线体验涵盖游戏、聚会、音乐会、体育、时装秀、教育和娱乐[5] - 公司与美泰公司宣布扩大合作，此消息曾推动公司股价上涨[6] 股价表现 - 第三季度财报发布后，公司股价在当日早盘交易中下跌超过11%，至118.51美元，并跌破50日移动平均线这一关键支撑位[4] - 公司股价在季度财报发布前后往往表现出较大的波动性[5]

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly.Top 5 Upgrades: Barclays upgraded Verisk Analytics (VRSK) to Overweight from Equal Weight with a price target of $275, down from $310. The firm said there is "no doubt" that there are more questions than answers after the Q3 print, though long-term it believes the "headwinds" are temporary/manageable within a 6%-8% growth range.S ...

Amaze and Dubit Join Forces to Build Immersive Brand Experiences Across Gaming PlatformsNEWPORT BEACH, Calif., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Amaze Holdings, Inc. (NYSE American: AMZE) (“Amaze”) a global leader in creator-powered commerce, today announced a strategic partnership with Dubit.io (“Dubit”), one of the leading metaverse and gaming studios behind some of the world’s most engaging virtual experiences, including Roblox and Fortnite. Together, the companies will develop and launch Amaze-connected ...

So just yesterday on the show we were talking about when is too much capex spending too much basically. Um they raised the guidance when it came to capex spending but not by a lot. I mean the midpoint only went up about two billion.That seems like small potatoes these days. Why do you think investors reacted so sharply to the capex spending or do you think it was more about that charge. >> Well I I think it's probably both.Right. We all remember uh when Zuck was doing the metaverse, the legless metaverse an ...

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Ray-Ban Display AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025.Meta continues to sink money into the metaverse, anchored by virtual reality and augmented reality technologies.The company reported third-quarter earnings on Wednesday and said that the Reality Labs division recorded an operating loss of $4.4 billion while generating $470 million in sales during the period. ...

A photograph taken during the World Economic Forum (WEF) annual meeting in Davos on January 19, 2025, shows the logo of Meta, the US company that owns and operates Facebook, Instagram, Threads, and WhatsApp. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)AFP via Getty ImagesMeta Platforms is scheduled to report earnings after Wednesday’s close. The stock recently hit a record high near $796.25/share and is currently trading near $746. The stock is prone to big moves after ...

公司评级与目标价 - DA Davidson重申对Meta Platforms Inc的买入评级 维持825美元目标价 [1] - 该机构对公司发展势头保持信心 尽管存在宏观和竞争因素 [1] 广告业务表现与预期 - 预计Meta的广告收入增长将继续超过谷歌 [1][3] - 公司增长可能因对比基数较高而减速 其中包括与选举相关的支出影响 [1][3] - 不预期谷歌的增长会显著减速 [2][3] 行业竞争与外部风险 - 机构正密切关注OpenAI [2][3] - 认为ChatGPT可能引入广告 这或将对谷歌搜索广告增长构成阻力 [3] 公司战略与投资 - Meta Platforms一直在扩展其广告能力 [3] - 公司继续在人工智能和元宇宙领域进行大量投资 [3]

公司财务表现与预期 - 华尔街预期公司第三季度营收为494亿美元，同比增长22% [4] - 公司全年总销售额预计将同比增长19%至1962亿美元 [4] - 公司第三季度广告销售额预期为485亿美元 [4] - 华尔街预期公司第三季度每股收益为668美元 [8] - 公司此前将2025年总支出预期区间低端上调，预计在1140亿至1180亿美元之间 [3] 人工智能领域投资与进展 - 公司全年在人工智能领域进行大量投资，并在4月其开源软件Llama 4反响平淡后对负责AI工作的组织进行了大规模改革 [1] - 公司于7月表示，其巨额的AI支出将导致“2026年的年度支出增长率高于2025年的支出增长率” [3] - 公司与Blue Owl Capital达成价值270亿美元的合资协议，以帮助资助和建设一个大型数据中心 [2] - Meta AI应用自9月25日推出AI驱动的Vibes短视频创作工具和社交信息流后，截至10月18日，其在iOS和Android的月下载量激增56%至390万次 [5] - 公司上周三表示将在其Superintelligence Labs AI部门裁员约600人，但该部门的顶级TBD Labs未受影响 [2] 元宇宙与硬件业务 - 公司此前领导元宇宙计划的高管Vishal Shah将转任AI部门的产品负责人 [7] - 负责开发虚拟现实、增强现实和AI智能眼镜的Reality Labs部门预计第三季度将录得51亿美元运营亏损，同时产生316亿美元销售额 [7] - 公司于2025年9月发布了新款Meta Ray-Ban智能眼镜 [1] 市场竞争与产品动态 - 尽管公司付费鼓励创作者在Vibes上发布AI生成视频，但数据显示在同期，竞争对手OpenAI的Sora应用在iOS的下载量似乎超过了Meta AI应用 [6] - 从9月30日到10月18日，Sora在iOS上录得260万次下载，而Meta AI为110万次 [6] - 投资者可能也在关注公司是否可能转变其元宇宙战略的任何迹象 [6]