Subtext

Meta Platforms, Inc. META

SectorCommunication Services
Transcripts49
Date range2013-05-01 – 2025-04-30
Calls charted49

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-24-12+0+12+242013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32013 Q1 · Overall: +13.82013 Q2 · Overall: +12.32013 Q3 · Overall: +11.52013 Q4 · Overall: +12.92014 Q1 · Overall: +12.32014 Q2 · Overall: +12.22014 Q3 · Overall: +9.92014 Q4 · Overall: +13.52015 Q1 · Overall: +14.32015 Q2 · Overall: +10.92015 Q3 · Overall: +11.52015 Q4 · Overall: +12.52016 Q1 · Overall: +8.22016 Q2 · Overall: +11.02016 Q3 · Overall: +11.62016 Q4 · Overall: +8.62017 Q1 · Overall: +5.82017 Q2 · Overall: +11.12017 Q3 · Overall: +6.42017 Q4 · Overall: +10.02018 Q1 · Overall: +9.12018 Q2 · Overall: +9.82018 Q3 · Overall: +11.52018 Q4 · Overall: +14.02019 Q1 · Overall: +6.32019 Q2 · Overall: +8.12019 Q3 · Overall: +6.62019 Q4 · Overall: +8.02020 Q1 · Overall: -1.82020 Q2 · Overall: +4.72020 Q3 · Overall: +3.82020 Q4 · Overall: +5.02021 Q1 · Overall: +12.32021 Q2 · Overall: +11.82021 Q3 · Overall: +8.52021 Q4 · Overall: +3.72022 Q1 · Overall: +7.22022 Q2 · Overall: +9.02022 Q3 · Overall: +7.82022 Q4 · Overall: +9.52023 Q1 · Overall: +15.12023 Q2 · Overall: +10.42023 Q3 · Overall: +14.22023 Q4 · Overall: +17.62024 Q1 · Overall: +17.02024 Q2 · Overall: +21.02024 Q3 · Overall: +15.82024 Q4 · Overall: +17.32025 Q1 · Overall: +13.5
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-33-16+0+16+332013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32013 Q1 · CEO: +21.92013 Q2 · CEO: +16.32013 Q3 · CEO: +14.62013 Q4 · CEO: +14.92014 Q1 · CEO: +17.92014 Q2 · CEO: +15.82014 Q3 · CEO: +18.72014 Q4 · CEO: +22.02015 Q1 · CEO: +20.32015 Q2 · CEO: +22.92015 Q3 · CEO: +12.42015 Q4 · CEO: +19.82016 Q3 · CEO: +14.82016 Q4 · CEO: +13.72017 Q1 · CEO: +6.92017 Q2 · CEO: +15.22017 Q3 · CEO: +4.62017 Q4 · CEO: +10.22018 Q1 · CEO: +15.32018 Q2 · CEO: +10.32018 Q3 · CEO: +8.12018 Q4 · CEO: +11.92019 Q1 · CEO: +5.72019 Q2 · CEO: +9.82019 Q3 · CEO: +7.22019 Q4 · CEO: +8.42020 Q1 · CEO: +3.92020 Q2 · CEO: +14.42020 Q3 · CEO: +4.82020 Q4 · CEO: +2.82021 Q1 · CEO: +17.62021 Q2 · CEO: +16.32021 Q3 · CEO: +13.12021 Q4 · CEO: +12.32022 Q1 · CEO: +8.22022 Q2 · CEO: +11.82022 Q3 · CEO: +13.02022 Q4 · CEO: +17.52023 Q1 · CEO: +28.42023 Q2 · CEO: +13.52023 Q3 · CEO: +23.62023 Q4 · CEO: +17.72024 Q1 · CEO: +24.22024 Q2 · CEO: +26.52024 Q3 · CEO: +23.12024 Q4 · CEO: +19.12025 Q1 · CEO: +21.42013 Q1 · CFO: +11.32013 Q2 · CFO: +13.32013 Q3 · CFO: +9.72013 Q4 · CFO: +17.12014 Q1 · CFO: +11.32014 Q2 · CFO: +5.62014 Q3 · CFO: +6.82014 Q4 · CFO: +13.52015 Q1 · CFO: +10.92015 Q2 · CFO: +4.52015 Q3 · CFO: +13.92015 Q4 · CFO: +8.12016 Q1 · CFO: +3.82016 Q2 · CFO: +10.12016 Q3 · CFO: +16.12016 Q4 · CFO: +10.12017 Q1 · CFO: +4.82017 Q2 · CFO: +17.32017 Q3 · CFO: +10.52017 Q4 · CFO: +15.12018 Q1 · CFO: +5.22018 Q2 · CFO: +7.32018 Q3 · CFO: +12.72018 Q4 · CFO: +17.92019 Q1 · CFO: +9.42019 Q2 · CFO: +7.22019 Q3 · CFO: +4.62019 Q4 · CFO: +6.82020 Q1 · CFO: -3.12020 Q2 · CFO: -0.82020 Q3 · CFO: +4.72020 Q4 · CFO: +12.62021 Q1 · CFO: +7.42021 Q2 · CFO: +8.82021 Q3 · CFO: +2.02021 Q4 · CFO: -3.42022 Q1 · CFO: +3.42022 Q2 · CFO: +0.82022 Q3 · CFO: +4.52022 Q4 · CFO: +4.72023 Q1 · CFO: +13.52023 Q2 · CFO: +12.32023 Q3 · CFO: +11.02023 Q4 · CFO: +21.82024 Q1 · CFO: +25.72024 Q2 · CFO: +21.52024 Q3 · CFO: +18.12024 Q4 · CFO: +21.82025 Q1 · CFO: +15.4
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-44-22+0+22+442013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32013 Q1 · Prepared remarks: +21.32013 Q2 · Prepared remarks: +21.82013 Q3 · Prepared remarks: +16.52013 Q4 · Prepared remarks: +21.82014 Q1 · Prepared remarks: +23.52014 Q2 · Prepared remarks: +20.22014 Q3 · Prepared remarks: +17.42014 Q4 · Prepared remarks: +21.92015 Q1 · Prepared remarks: +23.52015 Q2 · Prepared remarks: +19.92015 Q3 · Prepared remarks: +18.62015 Q4 · Prepared remarks: +19.72016 Q1 · Prepared remarks: +8.82016 Q2 · Prepared remarks: +20.92016 Q3 · Prepared remarks: +13.22016 Q4 · Prepared remarks: +13.42017 Q1 · Prepared remarks: +12.52017 Q2 · Prepared remarks: +19.82017 Q3 · Prepared remarks: +10.32017 Q4 · Prepared remarks: +12.12018 Q1 · Prepared remarks: +14.42018 Q2 · Prepared remarks: +11.42018 Q3 · Prepared remarks: +12.22018 Q4 · Prepared remarks: +13.82019 Q1 · Prepared remarks: +4.22019 Q2 · Prepared remarks: +10.92019 Q3 · Prepared remarks: +6.42019 Q4 · Prepared remarks: +12.32020 Q1 · Prepared remarks: -3.42020 Q2 · Prepared remarks: +2.52020 Q3 · Prepared remarks: +3.12020 Q4 · Prepared remarks: +6.92021 Q1 · Prepared remarks: +17.42021 Q2 · Prepared remarks: +16.02021 Q3 · Prepared remarks: +12.12021 Q4 · Prepared remarks: +12.52022 Q1 · Prepared remarks: +10.12022 Q2 · Prepared remarks: +7.72022 Q3 · Prepared remarks: +9.72022 Q4 · Prepared remarks: +13.42023 Q1 · Prepared remarks: +19.82023 Q2 · Prepared remarks: +18.72023 Q3 · Prepared remarks: +17.52023 Q4 · Prepared remarks: +20.92024 Q1 · Prepared remarks: +38.62024 Q2 · Prepared remarks: +27.22024 Q3 · Prepared remarks: +21.62024 Q4 · Prepared remarks: +22.52025 Q1 · Prepared remarks: +24.82013 Q1 · Q&A responses: +15.12013 Q2 · Q&A responses: +11.22013 Q3 · Q&A responses: +13.92013 Q4 · Q&A responses: +13.42014 Q1 · Q&A responses: +12.82014 Q2 · Q&A responses: +12.92014 Q3 · Q&A responses: +9.22014 Q4 · Q&A responses: +14.82015 Q1 · Q&A responses: +16.72015 Q2 · Q&A responses: +11.22015 Q3 · Q&A responses: +10.52015 Q4 · Q&A responses: +13.62016 Q1 · Q&A responses: +12.62016 Q2 · Q&A responses: +9.22016 Q3 · Q&A responses: +16.52016 Q4 · Q&A responses: +12.32017 Q1 · Q&A responses: +6.32017 Q2 · Q&A responses: +12.22017 Q3 · Q&A responses: +9.72017 Q4 · Q&A responses: +14.12018 Q1 · Q&A responses: +11.52018 Q2 · Q&A responses: +15.92018 Q3 · Q&A responses: +14.62018 Q4 · Q&A responses: +16.82019 Q1 · Q&A responses: +11.32019 Q2 · Q&A responses: +10.82019 Q3 · Q&A responses: +11.62019 Q4 · Q&A responses: +9.52020 Q1 · Q&A responses: +5.12020 Q2 · Q&A responses: +9.72020 Q3 · Q&A responses: +8.32020 Q4 · Q&A responses: +6.22021 Q1 · Q&A responses: +12.72021 Q2 · Q&A responses: +15.32021 Q3 · Q&A responses: +9.42021 Q4 · Q&A responses: +0.02022 Q1 · Q&A responses: +9.52022 Q2 · Q&A responses: +12.82022 Q3 · Q&A responses: +10.32022 Q4 · Q&A responses: +10.42023 Q1 · Q&A responses: +17.82023 Q2 · Q&A responses: +9.12023 Q3 · Q&A responses: +13.92023 Q4 · Q&A responses: +17.62024 Q1 · Q&A responses: +21.92024 Q2 · Q&A responses: +20.82024 Q3 · Q&A responses: +18.32024 Q4 · Q&A responses: +18.22025 Q1 · Q&A responses: +8.3
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$-0.55$13.34$27.242013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32014 Q1: $1.362014 Q2: $1.632014 Q3: $1.922014 Q4: $1.912015 Q1: $2.102015 Q2: $2.332015 Q3: $2.582015 Q4: $2.862016 Q1: $3.392016 Q2: $4.082016 Q3: $4.782016 Q4: $5.192017 Q1: $5.722017 Q2: $5.422017 Q3: $6.192017 Q4: $6.642018 Q1: $7.662018 Q2: $8.432018 Q3: $8.042018 Q4: $7.422019 Q1: $7.892019 Q2: $8.232019 Q3: $8.702019 Q4: $9.152020 Q1: $9.472020 Q2: $8.532020 Q3: $9.622020 Q4: $10.492021 Q1: $11.882021 Q2: $14.162021 Q3: $15.602021 Q4: $14.262022 Q1: $12.912022 Q2: $12.792022 Q3: $10.702022 Q4: $7.902023 Q1: $10.222023 Q2: $13.182023 Q3: $15.842023 Q4: $17.392024 Q1: $20.692024 Q2: $21.672024 Q3: $23.482024 Q4: $25.32

Forward P/E

10.3031.6152.932013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32014 Q1: 49.992014 Q2: 40.252014 Q3: 39.812014 Q4: 39.852015 Q1: 38.442015 Q2: 35.182015 Q3: 36.222015 Q4: 37.342016 Q1: 33.122016 Q2: 28.052016 Q3: 26.732016 Q4: 23.162017 Q1: 24.422017 Q2: 27.722017 Q3: 27.952017 Q4: 26.852018 Q1: 24.062018 Q2: 22.822018 Q3: 20.272018 Q4: 17.962019 Q1: 21.982019 Q2: 22.772019 Q3: 21.642019 Q4: 22.132020 Q1: 15.512020 Q2: 27.612020 Q3: 27.392020 Q4: 26.282021 Q1: 23.902021 Q2: 23.382021 Q3: 23.972021 Q4: 23.962022 Q1: 15.772022 Q2: 13.242022 Q3: 14.162022 Q4: 15.392023 Q1: 19.342023 Q2: 20.742023 Q3: 19.262023 Q4: 19.252024 Q1: 23.962024 Q2: 23.052024 Q3: 22.922024 Q4: 23.59

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q3 tone ↓ -2.3 fwd EPS ↑ +0.29 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -3.4 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↓ -4.3 fwd EPS ↑ +0.53 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↓ -3.0 fwd EPS ↑ +0.41 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -2.8 fwd EPS ↑ +0.53 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↑ +5.2 fwd EPS ↓ -0.30 Tone rose while the forward EPS estimate was cut.
  • 2017 Q3 tone ↓ -4.7 fwd EPS ↑ +0.77 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↑ +2.5 fwd EPS ↓ -0.62 Tone rose while the forward EPS estimate was cut.
  • 2019 Q1 tone ↓ -7.7 fwd EPS ↑ +0.47 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -9.7 fwd EPS ↑ +0.32 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +6.4 fwd EPS ↓ -0.94 Tone rose while the forward EPS estimate was cut.
  • 2021 Q3 tone ↓ -3.3 fwd EPS ↑ +1.44 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↑ +3.6 fwd EPS ↓ -1.35 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↓ -4.6 fwd EPS ↑ +2.96 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -5.2 fwd EPS ↑ +1.80 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-30+13.5——View →
2024 Q42025-01-29+17.3$25.3223.6View →
2024 Q32024-10-30+15.8$23.4822.9View →
2024 Q22024-07-31+21.0$21.6723.1View →
2024 Q12024-04-24+17.0$20.6924.0View →
2023 Q42024-02-01+17.6$17.3919.2View →
2023 Q32023-10-25+14.2$15.8419.3View →
2023 Q22023-07-26+10.4$13.1820.7View →