Earnings Report /
United States of America

Meta: Reels drives positive user growth

  • 1H22 revenue/PATMI at 43/42% of our FY22e forecasts

  • Business messaging potential additional revenue driver because of its growing popularity amongst SME business owners

  • We maintain a BUY recommendation with a lowered DCF target price of US$221.00 (prev. US$231.00)

Jonathan Woo
Jonathan Woo

Research Analyst

1 August 2022
Published byPhillipCapital


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