{"id":438477,"date":"2022-04-28T00:09:12","date_gmt":"2022-04-27T21:09:12","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/facebook-parent-meta-stock-soars-despite-growth-slowdown\/"},"modified":"2022-04-28T00:09:12","modified_gmt":"2022-04-27T21:09:12","slug":"facebook-parent-meta-stock-soars-despite-growth-slowdown","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/facebook-parent-meta-stock-soars-despite-growth-slowdown\/","title":{"rendered":"#Facebook parent Meta stock soars despite growth slowdown"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26b697cdd69\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26b697cdd69\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/facebook-parent-meta-stock-soars-despite-growth-slowdown\/#%E2%80%9CFacebook_parent_Meta_stock_soars_despite_growth_slowdown%E2%80%9D\" >&#8220;Facebook parent Meta stock soars despite growth slowdown&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CFacebook_parent_Meta_stock_soars_despite_growth_slowdown%E2%80%9D\"><\/span>&#8220;Facebook parent Meta stock soars despite growth slowdown&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<div class=\"article-gallery lightGallery\">\n<div data-thumb=\"https:\/\/scx1.b-cdn.net\/csz\/news\/tmb\/2022\/facebook-parent-meta-s.jpg\" data-src=\"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2022\/facebook-parent-meta-s.jpg\" data-sub-html=\"Facebook unveiled their new Meta sign at the company headquarters in Menlo Park, Calif., on Oct. 28, 2021. Facebook parent Meta's 2022 first quarter profit jumped past Wall Street's expectations despite slower revenue growth, sending shares up sharply in after-hours trading. The company earned $7.47 billion, or $2.72 per share, in the January-March period. Credit: AP Photo\/Tony Avelar, File\">\n<figure class=\"article-img\">\n            <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/scx1.b-cdn.net\/csz\/news\/800a\/2022\/facebook-parent-meta-s.jpg\" alt=\"Facebook parent Meta stock soars despite growth slowdown\" title=\"Facebook unveiled their new Meta sign at the company headquarters in Menlo Park, Calif., on Oct. 28, 2021. Facebook parent Meta's 2022 first quarter profit jumped past Wall Street's expectations despite slower revenue growth, sending shares up sharply in after-hours trading. The company earned $7.47 billion, or $2.72 per share, in the January-March period. Credit: AP Photo\/Tony Avelar, File\" width=\"800\" height=\"492\"\/><figcaption class=\"text-darken text-low-up text-truncate-js text-truncate mt-3\">\n                <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> unveiled their new Meta sign at the company headquarters in Menlo Park, Calif., on Oct. 28, 2021. Facebook parent Meta&#8217;s 2022 first quarter profit jumped past Wall Street&#8217;s expectations despite slower revenue growth, sending shares up sharply in after-hours trading. The company earned $7.47 billion, or $2.72 per share, in the January-March period. Credit: AP Photo\/Tony Avelar, File<br \/>\n            <\/figcaption><\/figure>\n<\/p><\/div>\n<\/div>\n<p>Facebook parent Meta&#8217;s first quarter profit and its count of daily users jumped past Wall Street&#8217;s expectations despite the company&#8217;s slowest revenue growth since going public a decade ago. Shares were up sharply in after-hours trading.<\/p>\n<p>                                                                                The company earned $7.47 billion, or $2.72 per share, in the January-March period. That&#8217;s down 21% from $9.5 billion, or $3.30 per share, in the same period a year earlier.<\/p>\n<p>Revenue rose 7% to $27.91 billion from $26.17 billion\u2014the slowest growth rate in a decade for the online advertising powerhouse that <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly reports sales growth in the double digits.<\/p>\n<p>Analysts, on average, were expecting earnings of $2.56 per share on revenue of $28.28 billion, according to a poll by FactSet.<\/p>\n<p>Meta cut a sharp contrast with Google parent Alphabet, which on Monday reported what analysts called dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointing earnings, with profit below Wall Street&#8217;s expectations. Google also reported a revenue growth slowdown, but for Meta this appeared to have been mitigated by an increase in daily active users that &#8220;was enough to send the shorts covering and the stock surging,&#8221; said Jesse Cohen, senior analyst at Investing.com.<\/p>\n<p>&#8220;That being said, it was a mixed report overall as the social media giant continues to struggle with slowing revenue growth amid reduced ad spending amid the current inflationary environment,&#8221; Cohen said.<\/p>\n<p>Recent privacy changes by Apple have made it harder for companies like Meta to track people for advertising purposes, which also puts pressure on the company&#8217;s revenue. For months now, Meta has been warning investors that its revenue can&#8217;t continue to grow at the breakneck pace they are accustomed to, so it&#8217;s likely that the quarter&#8217;s single-digit revenue growth was already baked into investor expectations.<\/p>\n<p>Meta said Facebook had 1.96 billion daily active users on average for March 2022, an increase of 4% year-over-year.<\/p>\n<p>Shares of the Menlo Park, California-based company rose $23.05, or 13.2%, to $198 in after-hours trading Wednesday. The stock has taken a hit this week amid <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> of Elon Musk&#8217;s Twitter buyout and ended regular trading down 3.3% at $174.95.\n                                                                                                                        <\/p>\n<hr\/>\n<div class=\"article-main__explore my-4 d-print-none\">\n<p>                                            Shares of Facebook parent Meta plunge 23% on lower profits\n                                        <\/p><\/div>\n<hr class=\"mb-4\"\/>\n<p class=\"article-main__note mt-4\">\n                                                \u00a9 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n<p>                                        <!-- print only --><\/p>\n<div class=\"d-none d-print-block\">\n<p>                                                 <strong>Citation<\/strong>:<br \/>\n                                                 Facebook parent Meta stock soars despite growth slowdown (2022, April 27)<br \/>\n                                                 retrieved 27 April 2022<br \/>\n                                                 from https:\/\/techxplore.com\/news\/2022-04-facebook-parent-meta-stock-soars.html<\/p>\n<p>                                            This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no<br \/>\n                                            part may be reproduced without the written permission. 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Facebook parent Meta&#8217;s 2022 first quarter profit jumped past Wall Street&#8217;s expectations despite slower revenue growth, sending shares up sharply in after-hours trading. The company earned $7.47 billion, or&#8230;<\/p>\n","protected":false},"author":1,"featured_media":438478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2022\/facebook-parent-meta-s.jpg","fifu_image_alt":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-438477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sciencee"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/438477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=438477"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/438477\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/438478"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=438477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=438477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=438477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}