Neil Cybart 2/12/24 Neil Cybart 2/12/24

Meta 4Q23 Earnings, Estimating Meta Quest 3 Sales, Ray-Ban Meta and AI

There are several Big Tech earnings reports for CY4Q23 worth going over. For those of you who recently became Above Avalon members, my approach to covering Big Tech earnings is twofold:

Assess how Apple competitors are doing from a financial/business perspective. This will involve looking at revenue growth metrics, cash flow generation, etc. Given major differences in business models, the metrics will need to be put into proper prospective.
Look for developments that shine light on competitive dynamics that stand to impact Apple. This may include everything from advertising to hardware.

Today’s update will be dedicated to Meta, a company that is turning into one of Apple’s most direct competitors.

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