Meta Platforms reported 33% year-over-year revenue growth in the quarter, led by AI-enhanced ad products. The core advertising division achieved a 41% operating margin, underscoring robust monetization of its user base.

Shares trade at a forward P/E of 19, a discount to sector peers commanding mid-to-high-20s multiples. Investors remain cautious due to ongoing losses in Reality Labs and uncertainty around returns on metaverse investments.