Meta Platforms, which earns nearly all its revenue from ads, was down about 10% from its September high of $779.82 as of Oct. 22, despite 26% year-over-year revenue growth in the third quarter. The author sees the dip as a buying opportunity because non-ad revenue from its apps rose 59% to $1.1 billion, driven by WhatsApp paid messaging and subscriptions, and Meta One has passed 15 million subscriptions and trials, growing more than twice as fast as the company overall. CFO Susan Li said new AI businesses could start contributing to revenue growth in 2027. The main near-term headwind is capital expenditures of up to $145 billion this year, and the stock trades at about 19 times analysts' 2027 earnings estimate, roughly in line with the S&P 500's forward multiple of 19.3.
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Related tickers and likely impact
META
▲ Likely positiveMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/23/2026 | 642.26 |
| Change that session | -1.02% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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