Earnings summaries and quarterly performance for Meta Platforms.
Executive leadership at Meta Platforms.
Board of directors at Meta Platforms.
Andrew Houston
Detailed
Director
Charles Songhurst
Detailed
Director
Dana White
Detailed
Director
Dina Powell McCormick
Detailed
Director
Hock Tan
Detailed
Director
John Arnold
Detailed
Director
John Elkann
Detailed
Director
Marc Andreessen
Detailed
Director
Nancy Killefer
Detailed
Director
Patrick Collison
Detailed
Director
Peggy Alford
Detailed
Director
Robert Kimmitt
Detailed
Lead Independent Director
Tony Xu
Detailed
Director
Tracey Travis
Detailed
Director
Research analysts who have asked questions during Meta Platforms earnings calls.
Brian Nowak
Morgan Stanley
8 questions for META
Also covers: ABNB, AMZN, BKNG +8 more
Douglas Anmuth
JPMorgan Chase & Co.
8 questions for META
Also covers: ABNB, AMZN, BKNG +17 more
Eric Sheridan
Goldman Sachs
8 questions for META
Also covers: ABNB, ACVA, AMZN +42 more
Justin Post
Bank of America Corporation
8 questions for META
Also covers: ABNB, AMZN, BKNG +8 more
Mark Shmulik
Bernstein
7 questions for META
Also covers: GOOGL, PINS, RDDT +1 more
Ronald Josey
Citigroup Inc.
7 questions for META
Also covers: ABNB, ACVA, AMZN +18 more
Youssef Squali
Truist Securities
7 questions for META
Also covers: BABA, DASH, DV +12 more
Kenneth Gawrelski
Wells Fargo & Company
5 questions for META
Also covers: ABNB, BKNG, CART +12 more
Ross Sandler
Barclays
5 questions for META
Also covers: AMZN, CART, DASH +13 more
Mark Mahaney
Evercore ISI
4 questions for META
Also covers: ABNB, AMZN, BKNG +22 more
Recent press releases and 8-K filings for META.
Meta plans EU ad personalization choice
META
Legal Proceedings
- Beginning January 2026, EU users can choose between fully personalized or less personalized ads by opting in to share different levels of personal data for advertising.
- The move implements the EU’s Digital Markets Act after Meta received a warning in June 2025 about daily fines and was fined €200 million for previous DMA breaches.
- The European Commission highlighted this as the first time Meta has offered such a choice on Facebook and Instagram, enhancing user control over data privacy.
2 days ago
Meta acquires Limitless to boost AI wearables development
META
M&A
New Projects/Investments
- Meta has acquired Limitless, an AI startup known for its AI-powered pendant, to accelerate development of context-aware wearable devices and advance its vision of personal superintelligence.
- Limitless was co-founded by Brett Bejcek and Dan Siroker and had raised over $33 million from investors including Andreessen Horowitz, First Round Capital, and NEA prior to the acquisition.
- Post-acquisition, Limitless will immediately halt hardware sales and discontinue its Rewind desktop app, while supporting existing users for one year and migrating them to an Unlimited Plan with no subscription fees.
- The deal underlines Meta’s strategic shift, with resources reallocated from its metaverse group to a new Reality Labs studio dedicated to AI glasses and other devices.
4 days ago
Meta Platforms cuts 30% of metaverse budget
META
Layoffs
New Projects/Investments
Demand Weakening
- Meta will slash 30% of its Reality Labs budget for 2026, trimming investments in Horizon Worlds and Quest VR, with potential layoffs as early as January 2026 following previous cuts of about 3,600 jobs in February 2025.
- The company is shifting focus from long-term metaverse bets to projects with faster ROI, notably generative AI and AI-powered hardware like smart glasses.
- Reality Labs has amassed more than $45 billion in operating losses since 2019 and >$70 billion in financial losses since 2021, prompting the budget reduction.
- AR/VR headset shipments fell 23% in 2023 to under 9 million units, while metaverse-related token market capitalization plunged from over $500 billion to about $3.4 billion amid a crypto downturn.
6 days ago
Meta Platforms faces expanded Italian antitrust probe
META
Legal Proceedings
- The Italian Antitrust Authority expanded its probe into Meta Platforms over allegations of abusing its dominant position by introducing new WhatsApp Business Solution Terms on October 15, 2025.
- The investigation examines Meta’s integration of Meta AI in WhatsApp, which may block rival chatbots and undermine market contestability under EU competition rules.
- Launched in July 2025, the probe also considers imposing interim measures, including injunctions, to curb potential exclusionary conduct.
Nov 26, 2025, 7:56 AM
Meta Platforms enters U.S. electricity trading to support AI data center expansion
META
New Projects/Investments
- Meta Platforms will begin wholesale electricity trading in the U.S. to secure long-term power purchase commitments and accelerate new power plant development for its growing AI infrastructure.
- The company plans to partner with experienced traders and focus on competitive markets such as PJM and MISO to hedge price volatility and resell excess power.
- Meta’s new Louisiana data center campus alone requires multiple new gas-fired power plants, underscoring the scale of its energy demands.
- CEO Mark Zuckerberg emphasized Meta’s readiness to invest aggressively in AI infrastructure, even at the risk of overspending, to meet surging energy needs.
Nov 21, 2025, 6:18 PM
Meta leaders reach $190 million settlement in Cambridge Analytica lawsuit
META
Legal Proceedings
- Meta’s current and former directors agreed to a $190 million settlement to resolve shareholder claims stemming from the Cambridge Analytica scandal.
- Shareholders alleged the board engineered a deal to shield Mark Zuckerberg from personal liability related to the $5 billion FTC settlement.
- The settlement, funded by a directors’ liability insurance policy, does not constitute an admission of wrongdoing and ranks among the largest cash recoveries in a derivative action.
- The agreement abruptly ended the trial before high-profile witnesses—including Zuckerberg, Marc Andreessen, and Sheryl Sandberg—could testify.
Nov 21, 2025, 5:29 AM
Meta Platforms ordered to pay €479M by Spanish court
META
Legal Proceedings
- Spanish court orders Meta to pay €479 million ($552 million) to 87 Spanish digital media outlets for unfair competition and breaching GDPR by processing user data for behavioral advertising without proper consent from 2018 to 2023.
- The court deemed Meta’s entire €5.3 billion in advertising profits during this period as earned in breach of GDPR and Spain’s antitrust laws.
- Meta denies wrongdoing, plans to appeal, and asserts it has complied with applicable laws.
Nov 20, 2025, 2:33 PM
Meta’s chief AI scientist to depart and form AI startup partnership
META
Management Change
New Projects/Investments
- Yann LeCun will leave Meta at the end of 2025 to launch a new AI research startup focused on world models, systems that understand and interact with the physical world.
- Meta plans to partner with LeCun’s venture, maintaining collaboration on selected research areas despite his departure.
- His exit coincides with a major restructuring of Meta’s AI division, including the launch of Superintelligence Labs under Chief AI Officer Alexandr Wang, amid internal tensions over LLM-focused strategies.
- LeCun, known for championing the JEPA approach and leading Advanced Machine Intelligence research, seeks to push AI beyond text generation while Meta intensifies competition in large language models after a muted response to Llama 4.
Nov 20, 2025, 1:30 AM
Meta Platforms wins dismissal of FTC antitrust lawsuit
META
Legal Proceedings
M&A
- A federal judge dismissed the FTC’s 2020 lawsuit challenging Meta’s acquisitions of Instagram and WhatsApp, finding the agency failed to prove Meta holds monopoly power in social networking.
- Judge Boasberg highlighted the fast-evolving competitive landscape, citing rivals like TikTok and YouTube to underscore the difficulty of defining Meta’s product market.
- The ruling, marking nearly a five-year legal battle victory, removes a major regulatory obstacle as Meta develops AI-powered features and messaging integration.
- Meta’s stock partially recovered after pulling back more than 25% from mid-August highs amid concerns over higher capital expenditures.
Nov 18, 2025, 7:38 PM
Meta Platforms reshapes leadership amid AI push
META
Management Change
Layoffs
- John Hegeman, Meta’s Chief Revenue Officer, is stepping down after 17 years to start his own business
- Andrew Bocking, head of ads product and strategy, will assume Hegeman’s responsibilities
- Clara Shih (Business AI unit lead) and Chief AI Scientist Yann LeCun are also preparing to depart amid the AI leadership reshuffle
- Meta eliminated approximately 600 positions from its AI unit in October as part of streamlining under the new Superintelligence Labs division
Nov 18, 2025, 5:58 PM
Quarterly earnings call transcripts for Meta Platforms.
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