The company grew revenue 11% year over year to $32 billion while earnings increased by 21%. But the company is now trading at a very similar valuation as it was around two years ago, right before the giant metaverse fueled crash that meta experience. I like some of what they're doing with Roblox and getting that platform on Quest headsets can just further expand the actual real life use cases. However, we're still so far away from this being a material contributor to not only revenue, but earnings as well.
The earnings parade is on, and this quarter it pays to be in the black.
(00:21) Matt Argersinger and Emliy Flippen discuss: - The Fed’s latest rate hike and why another seems in the cards. - Why earnings updates ended epic runs for Chipotle and Spotify. - How big tech’s cost cutting is going.
(19:11) Bonus earnings coverage from Matt and Emily on Roku, Mastercard, Coca-Cola, and Live Nation.
(31:31) Emily and Matt break down two stocks on their radar: BorgWarner and Invitation Homes.
Stocks discussed: CMG, SPOT, META, GOOG, GOOGL, MSFT, ROKU, MA, KO, LYV
Host: Dylan Lewis Guests: Matt Argersinger, Emily Flippen Engineer: Dan Boyd
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