Meta's Core Business 'Doing Great' With 19% Growth, AI Push Signals Search Monetization Ambitions, Says Gene Munster
Meta's Core Business 'Doing Great' With 19% Growth, AI Push Signals Search Monetization Ambitions, Says Gene Munster
Deepwater Asset Management's Managing Partner Gene Munster offered a detailed analysis of Meta Platforms Inc's (NASDAQ:META) third-quarter performance, highlighting the company's strong core business and ambitious AI investments.
Deepwater Asset Management的管理合夥人吉恩·蒙斯特(Gene Munster)對Meta Platforms Inc (NASDAQ:META)第三季度的表現進行了詳細分析,強調了該公司強大的核心業務和雄心勃勃的人工智能投資。
What Happened: "Following the Meta call, the key takeaway is the core business is doing great and they're aggressively investing in AI to become the next big thing," Munster wrote on X. "My guess is that big thing is related to monetizing search."
事件經過:「在Meta公司的看漲後,關鍵要點是核心業務表現出色,他們正在積極投資人工智能,力爭成爲下一個大事件,」蒙斯特在X網站上寫道。「我猜想,這個大事件與搜索變現有關。」
In his analysis, Munster emphasized several key points:
在他的分析中,蒙斯特強調了幾個關鍵點:
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Revenue Growth: Meta achieved 19% year-over-year growth in the September quarter, slightly exceeding expectations of 18%. The company's guidance suggests further acceleration to 20% growth in December.
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User Engagement: Daily active users reached 3.29 billion, growing at 5% year-over-year. While slightly below estimates of 3.31 billion, Munster noted this growth is impressive given Meta's already massive user base, with approximately half of the world's population using a Meta property daily.
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Capital Expenditure: Meta's aggressive infrastructure investment could see an 87% increase in the December quarter, significantly higher than competitor Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) owned Google's projected 19% increase. Munster supported this strategy, calling it "absolutely the right thing for the company to do."
- Competitive Position: Meta's growth outpaces its tech peers, with Munster comparing the company's projected 20% December growth to Microsoft Corp.'s (NASDAQ:MSFT) 14% and Google's search business at 12%.
- 營業收入增長:Meta在9月季度實現了19%的同比增長,略高於18%的預期。公司的指導意味着12月將進一步加速增長至20%。
- 用戶參與度:日活躍用戶數達到32.9億,同比增長5%。雖然略低於33.1億的預期,但蒙斯特指出,考慮到Meta已經擁有龐大的用戶基礎,全球約一半人口每天使用Meta旗下產品,這種增長仍然令人印象深刻。
- 資本支出:Meta大幅投入製造行業,12月季度的增長可能達到87%,遠高於競爭對手Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG)旗下Google預計的19%增長。蒙斯特支持這項策略,並稱其爲"公司絕對應該做的正確事情。"
- 競爭地位:Meta的增長超過了其科技同行,蒙斯特將公司預計的12月增長率與微軟公司(NASDAQ:MSFT)的14%和Google的搜索業務12%進行了比較。
Why It Matters: Despite positive fundamentals, Meta's stock declined 3% in after-hours trading, which Munster attributed to high pre-earnings expectations. He noted the stock had already risen 20% in the previous three months, compared to the NASDAQ's rise of just over 5%.
重要性:儘管Meta的基本面積極,但股價在盤後交易中下跌了3%,Munster將這歸因於盈利預期過高。他指出,與納斯達克僅上漲5%相比,該股票已在前三個月上漲了20%。
Looking ahead, Munster believes Meta's massive user base positions the company well for AI implementation, potentially leading to "growth rates that are higher than what most people think for the next couple years."
展望未來,Munster認爲Meta龐大的用戶群使該公司在人工智能應用方面處於有利地位,可能導致"接下來幾年增長率高於大多數人的預期。"
The analysis also touched on Meta's AI ambitions, with the company reporting a 7% improvement in advertising conversion rates through AI-powered targeting tools. According to Munster, Meta aims to have the most widely used generative AI chat service by year-end.
分析還涉及Meta的人工智能雄心,該公司通過人工智能驅動的定向工具實現廣告轉化率的7%提升。據Munster稱,Meta旨在年底前擁有使用最廣泛的生成式人工智能聊天服務。
Price Action: Meta stock closed at $591.80, down 0.25% on Wednesday. In after-hours trading, the stock declined further, dropping 3.18%. Year to date, Meta has shown substantial growth, surging by 70.90%, according to data from Benzinga Pro.
價格走勢:meta股票週三收於591.80美元,下跌0.25%。盤後交易中,股票進一步下跌,下跌3.18%。據Benzinga Pro數據顯示,截至目前,meta今年以來表現強勁,增長了70.90%。
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Image Via Pixabay
圖片來自Pixabay
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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譯文內容由第三人軟體翻譯。