Since Zuckerberg changed his name to Facebook Inc$Meta Platforms (FB.US) $After vigorously announcing its entry into meta-universe, the company's share price fell all the way as if it had been destroyed by "fengshui".

So far this year, Meta is down nearly 48%, while the s & p 500 is down 12% over the same period. The market has also been worried about whether the main business of Meta has come to an end.

Bloomberg even released an "own report" in US stocks last night, saying that Meta's second-quarter revenue guidance would be more than 5 to 12 per cent below market expectations.

Since then, although Bloomberg issued a correction announcement, Meta's share price eventually closed down 3%, a new low in nearly two years.

Interestingly, after the announcement of the after-hours results, Meta shares rose in a straight line, rising as much as 20% after the session. What kind of new results did Meta release?

With the recovery of user growth, can the market regain confidence?

The company's first-quarter revenue was $27.908 billion, up 7% from a year earlier, and the market is expected to be $28.2 billion, according to the results.

Of this total, advertising revenue was $26.998 billion, less than the $27.48 billion expected by analysts; other revenue was $215 million, and reality research revenue was $695 million.

The company's first-quarter net profit was $7.4 billion, exceeding market expectations of $7.1 billion, and earnings per share of $2.72, exceeding market expectations of $2.56.

Surprisingly, the company's daily active users (DAU) in the first quarter was 1.96 billion, an increase of 4% over the same period last year, exceeding market expectations by 1.95 billion.Monthly active users (MAU) are 2.94 billion, up 3% from the same period last year, and the market is expected to be 2.97 billion.

And David Wehner, the company's chief financial officer, said

We expect total revenue in the second quarter of 2022 to be between $28 billion and $30 billion. The outlook reflects the expected continuation of trends affecting revenue growth in the first quarter, including weakness in the second half of the first quarter, which coincided with the outbreak of the war in Ukraine. Our guidance assumes that, based on current exchange rates, exchange rate movements will have a negative impact of about 3 per cent on year-on-year revenue growth in the second quarter.

The guidance for the second quarter basically reached the upper limit of analysts' optimistic expectations of $30.4 billion.

CEO Zuckerberg said: "there are plans to slow down some investments such as AI infrastructure, business platforms and real-world laboratories to generate better operational growth. "The reduction in costs has also made the market look forward to the improvement of the company's profitability.

At the same time, Zuckerberg also said that the growth of short video Reels is very fast, people use Reels on Instagram account for 20% of the total time, the company will be more focused on the development of Reels

Market analysis believes that this, to a certain extent, alleviated the previous market concerns about the impact of TikTok on the basic stock of Meta.

However, analysts clearly have different views.

Is there still a hidden worry behind the surprise?

In the face of an increasingly fierce battle for users of social networking platforms, restrictions on iPhone advertising business imposed by Apple Inc's new privacy rules, and increased uncertainty caused by the conflict between Russia and Ukraine, the market is still worried about the prospect of Meta continuing to reinvest in meta-universe business.

Mike Proulx, director of research at Forrester, saidIt is an arduous task for Meta to catch up with the rapid growth of TikTok.

Although short videos already account for 20% of the time users spend on Instagram, the proportion is 100% on TikTok. Moreover, TikTok has realized commercial liquidity and continues to grow among different generations.

In addition,Some analysts said that, as the revenue pillar of the company, Meta's advertising business is not easy.Meta's advertising revenue in the first quarter was $26.998 billion, up 6.1% from a year earlier and below market expectations.

The reason why Meta's advertising revenue fell short of expectations was mainly due to the adjustment of Apple Inc's ios privacy policy, high inflation and supply chain bottlenecks affecting advertisers' budgets, as well as uncertain factors such as the conflict between Russia and Ukraine affecting European companies' advertising.

It is worth mentioning that the recent poor performance of large US technology stocks, with the Nasdaq down more than 12% since April, and growing concerns about slowing economic growth and aggressive interest rate hikes by the Federal Reserve have put technology stocks under tremendous selling pressure. Will Meta be an exception?

Brent Bracelin, a technology analyst at Piper Sandler, thinks bear sentiment seems to be nearing its peak. Generally speaking, when all investors are on the side of the boat, it is usually when the boat capsized. Given the increasing global risks, the data are likely to change significantly over the next two quarters.But from the perspective of market sentiment, it is hard to see a more pessimistic situation than it is now.

Analysts are more optimistic about future share price forecasts, with 32 out of 46 advising to buy, 13 to hold and one to sell, meaning Meta still has 76.67 per cent room to rise from its current level.

Obviously, the current market has different views on the long-term vision of Meta. Is this a golden pit for cattle friends?

What do you think of Meta's new financial report?

Could this be a golden pit?

Can FB return to the new growth track?

Are you optimistic about Meta's meta-universe?

Welcome to share your wonderful insights in the comments section!