$Meta Platforms, Inc.(META)$ I've been slowly adding to my position. It's one of the best opportunities in the market right now. I can't think of another industry better positioned than advertising for AI to accelerate growth and monetization.
META had more active users (adjusted for the Iran shutdown), higher profit per ad, and more ads generated than ever before. That's reflected in the 33% revenue growth. This will only accelerate, in my view, as LLMs get smarter.
Eventually, capex will subside, and all that extra revenue will flow to the bottom line. Reality Labs is the only real eyesore on the company's balance sheet. Maybe one day it turns a profit.
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