Overview
- Meta reports fourth‑quarter 2025 results after the close on Jan. 28, with consensus near $58.4 billion in revenue and about $8.16–$8.19 EPS, while Bank of America forecasts $59.2 billion and $8.27.
- Wall Street remains broadly bullish, with buy ratings and price targets spanning roughly $754 to $905, including BofA at $810, Evercore at $875, Redburn at $900, and HSBC at $905.
- Agency checks point to about 29% year‑over‑year ad spending growth in Q4, and advertisers report roughly a 4% return‑on‑investment lift linked to Meta’s AI ad tools.
- Investor focus centers on 2026 operating expense and capex guidance tied to AI infrastructure and hiring, with BofA modeling $153–$160 billion in expenses and $109–$114 billion in capex while some firms project even higher levels.
- Regulatory and legal risks remain in view, including a Chinese probe into the Manus acquisition as well as new U.S. lawsuits over WhatsApp privacy claims and smartglasses patents.