Financials Meta Platforms, Inc.

Equities

US30303M1027

Internet Services

Market Closed - Nasdaq Other stock markets 04:00:00 2025-01-17 pm EST			5-day change	1st Jan Change
612.77 ^USD	+0.24%		+0.73%	+4.66%

Jan. 20	EU Integrates Updated Code Against Hate Speech into Digital Services Act	MT
Jan. 20	Facebook, X, YouTube to do more against online hate speech, EU says	RE

Projected Income Statement: Meta Platforms, Inc.

income-statement-evolution-chart META-PLATFORMS-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	70,697	85,965	117,929	116,609	134,902	162,958	186,625	210,575
Change	-	21.6%	37.18%	-1.12%	15.69%	20.8%	14.52%	12.83%
EBITDA ¹	39,562	46,069	63,884	49,622	71,956	98,208	113,855	131,900
Change	-	16.45%	38.67%	-22.32%	45.01%	36.48%	15.93%	15.85%
EBIT ¹	28,986	32,671	46,753	28,944	46,751	65,765	75,533	86,083
Change	-	12.71%	43.1%	-38.09%	61.52%	40.67%	14.85%	13.97%
Interest Paid ¹	-	-	-	-125	677	-1,747	-1,444	-2,039
Earnings before Tax (EBT) ¹	24,812	33,180	47,284	28,819	47,428	67,064	76,730	87,151
Change	-	33.73%	42.51%	-39.05%	64.57%	41.4%	14.41%	13.58%
Net income ¹	18,485	29,146	39,370	23,200	39,098	58,915	65,295	73,364
Change	-	57.67%	35.08%	-41.07%	68.53%	50.68%	10.83%	12.36%
Announcement Date	1/29/20	1/27/21	2/2/22	2/1/23	2/1/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	21,082	17,737	18,687	21,470	28,072	26,171	29,077	29,010	33,671	27,908	28,822	27,714	32,165	28,645	31,999	34,146	40,111	36,455	39,071	40,589	46,968	41,795	44,814	46,563	53,810	47,679	50,665	52,616
Change	-	-15.87%	5.36%	14.89%	30.75%	-6.77%	11.1%	-0.23%	16.07%	-17.12%	3.28%	-3.84%	16.06%	-10.94%	11.71%	6.71%	17.47%	-9.11%	7.18%	3.89%	15.72%	-11.01%	7.22%	3.9%	15.56%	-11.39%	6.26%	3.85%
EBITDA ¹	11,599	8,825	9,362	11,460	16,422	15,180	16,900	14,797	17,006	13,178	13,688	10,973	11,783	12,802	16,075	20,098	22,980	20,754	23,100	25,627	28,438	25,102	27,675	28,906	33,182	29,120	32,119	33,148
Change	-	-23.92%	6.08%	22.41%	43.3%	-7.56%	11.33%	-12.44%	14.93%	-22.51%	3.87%	-19.83%	7.38%	8.65%	25.57%	25.03%	14.34%	-9.69%	11.3%	10.94%	10.97%	-11.73%	10.25%	4.45%	14.79%	-12.24%	10.3%	3.2%
EBIT ¹	8,858	5,893	5,963	8,040	12,775	11,378	12,367	10,423	12,585	8,524	8,358	5,664	6,399	7,227	9,392	13,748	16,384	13,818	14,847	17,350	19,755	16,034	17,611	18,883	22,873	18,502	20,422	22,216
Change	-	-33.47%	1.19%	34.83%	58.89%	-10.94%	8.69%	-15.72%	20.74%	-32.27%	-1.95%	-32.23%	12.98%	12.94%	29.96%	46.38%	19.17%	-15.66%	7.45%	16.86%	13.86%	-18.84%	9.83%	7.22%	21.13%	-19.11%	10.38%	8.78%
Charge d'intérêts ¹	-	-	168	-	-	-	-	-	-	-	-	-88	-250	80	-99	272	424	365	259	472	-50	-50	-50	-50	-50	-	-	-
Earnings before Tax (EBT) ¹	9,169	5,861	6,131	8,133	13,055	11,503	12,513	10,565	12,702	8,908	8,186	5,576	6,149	7,307	9,293	14,020	16,808	14,183	15,106	17,822	20,152	16,345	17,982	19,222	23,218	19,017	20,853	22,374
Change	-	-36.08%	4.61%	32.65%	60.52%	-11.89%	8.78%	-15.57%	20.23%	-29.87%	-8.11%	-31.88%	10.28%	18.83%	27.18%	50.87%	19.89%	-15.62%	6.51%	17.98%	13.07%	-18.89%	10.01%	6.9%	20.78%	-18.09%	9.66%	7.29%
Net income ¹	7,349	4,902	5,178	7,846	11,219	9,497	10,394	9,194	10,285	7,465	6,687	4,395	4,652	5,709	7,788	11,583	14,017	12,369	13,465	15,688	17,393	13,792	15,024	16,171	19,462	15,856	17,374	18,634
Change	-	-33.3%	5.63%	51.53%	42.99%	-15.35%	9.45%	-11.55%	11.87%	-27.42%	-10.42%	-34.28%	5.85%	22.72%	36.42%	48.73%	21.01%	-11.76%	8.86%	16.51%	10.87%	-20.7%	8.93%	7.64%	20.35%	-18.53%	9.57%	7.25%
Announcement Date	1/29/20	4/29/20	7/30/20	10/29/20	1/27/21	4/28/21	7/28/21	10/25/21	2/2/22	4/27/22	7/27/22	10/26/22	2/1/23	4/26/23	7/26/23	10/25/23	2/1/24	4/24/24	7/31/24	10/30/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Meta Platforms, Inc.

balance-sheet-analysis-chart META-PLATFORMS-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-54,855	-61,954	-47,998	-30,815	-47,018	-49,107	-63,506	-100,532
Change	-	-212.94%	-177.47%	-164.2%	-252.58%	-204.44%	-229.32%	-258.3%
Announcement Date	1/29/20	1/27/21	2/2/22	2/1/23	2/1/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Meta Platforms, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	15,102	15,115	18,567	31,186	27,045	38,154	50,246	54,853
Change	-	0.09%	22.84%	67.96%	-13.28%	41.08%	31.69%	9.17%
Free Cash Flow (FCF) ¹	21,212	23,632	39,116	18,439	43,010	49,486	51,894	60,128
Change	-	11.41%	65.52%	-52.86%	133.26%	15.06%	4.87%	15.87%
Announcement Date	1/29/20	1/27/21	2/2/22	2/1/23	2/1/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Meta Platforms, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	55.96%	53.59%	54.17%	42.55%	53.34%	60.27%	61.01%	62.64%
EBIT Margin (%)	41%	38.01%	39.65%	24.82%	34.66%	40.36%	40.47%	40.88%
EBT Margin (%)	35.1%	38.6%	40.1%	24.71%	35.16%	41.15%	41.11%	41.39%
Net margin (%)	26.15%	33.9%	33.38%	19.9%	28.98%	36.15%	34.99%	34.84%
FCF margin (%)	30%	27.49%	33.17%	15.81%	31.88%	30.37%	27.81%	28.55%
FCF / Net Income (%)	114.75%	81.08%	99.35%	79.48%	110.01%	84%	79.48%	81.96%
Profitability
ROA	16.02%	19.92%	24.21%	13.19%	18.83%	22.02%	21.5%	20.66%
ROE	19.96%	25.42%	31.1%	18.52%	28.04%	33.18%	29.68%	26.95%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	21.36%	17.58%	15.74%	26.74%	20.05%	23.41%	26.92%	26.05%
CAPEX / EBITDA (%)	38.17%	32.81%	29.06%	62.85%	37.59%	38.85%	44.13%	41.59%
CAPEX / FCF (%)	71.2%	63.96%	47.47%	169.13%	62.88%	77.1%	96.82%	91.23%
Items per share
Cash flow per share ¹	12.63	13.4	20.18	18.68	27.05	32.87	38.13	42.76
Change	-	6.13%	50.57%	-7.41%	44.8%	21.51%	16.01%	12.15%
Dividend per Share ¹	-	-	-	-	-	2.014	2.155	2.323
Change	-	-	-	-	-	-	6.99%	7.78%
Book Value Per Share ¹	35.14	44.42	43.68	46.79	58.26	71.85	91.58	109.9
Change	-	26.42%	-1.67%	7.11%	24.53%	23.32%	27.47%	20.03%
EPS ¹	6.43	10.09	13.77	8.59	14.87	22.66	25.36	28.97
Change	-	56.92%	36.47%	-37.62%	73.11%	52.36%	11.93%	14.25%
Nbr of stocks (in thousands)	2,851,747	2,848,293	2,781,760	2,622,197	2,571,256	2,524,489	2,524,489	2,524,489
Announcement Date	1/29/20	1/27/21	2/2/22	2/1/23	2/1/24	-	-	-