$Meta Platforms (META.US)$2023.7.19 The current price is 313...

New data: Report for the second quarter and full year after 2022, 2023Q1 data.

In 2022, revenue fell 1.1%, operating profit fell sharply by 38.1%, and net profit fell by 41.1%. The sharp decline in profit was mainly affected by the surge in R&D expenses.

In 2023Q1, revenue increased by 2.6%, operating profit continued to decline by 15.2%, and net profit fell 23.5%. The decline in profit was still mainly affected by the surge in R&D expenses. It seems that the low profit margin will continue for some time.

Currently, the price-earnings ratio is 36.5, and the price-earnings ratio is TTM 38.9. There is no discount advantage between the valuation and the growth rate in recent years. You can close your position and exit. Considering that you are an industry leader, only a small number of observation positions will be retained.