市场资讯及洞察
Expected earnings date: Wednesday, 28 January 2026 (US, after market close) / early Thursday, 29 January 2026 (AEDT)
Key areas in focus
Advertising (Family of Apps)
Advertising remains Meta’s dominant revenue driver. AI-driven ad targeting, Reels monetisation, and engagement efficiency can be important contributors to revenue growth and may support advertiser outcomes, noting results can vary by advertiser, format, and market conditions.
User engagement and monetisation
Engagement trends across Facebook, Instagram, WhatsApp, and Threads remain closely watched as indicators that can influence monetisation assumptions and medium-term expectations.
Artificial intelligence
Meta views AI as a foundation for content discovery, advertising performance, and the development of generative tools. Markets may continue to evaluate whether AI-driven gains offset the level of infrastructure and data centre investment required to support these projects.
Reality Labs
Reality Labs remains loss-making. Management continues to frame AR/VR and metaverse-related platforms as long-term strategic investments, while acknowledging continued operating losses and a drag on earnings performance.
What happened last quarter
Meta’s most recent quarterly update highlighted strong revenue growth alongside ongoing investment themes.
The company’s reported (GAAP) net income and EPS reflected a one-time, non-cash income tax charge disclosed in the earnings materials, while management commentary also emphasised cost discipline and investment priorities.
Operating margins expanded year-on-year, despite elevated AI-related investment.
Last earnings key highlights
- Revenue: US$51.24 billion
- Earnings per share (EPS): US$1.05 (GAAP)
- Advertising revenue: US$50.08 billion
- Operating margin: 40%
- Reality Labs operating loss: about US$4.43 billion
How the market reacted last time
Meta shares fell in after-hours trading after the release. Commentary at the time highlighted strong top-line outcomes, alongside investor focus on the outlook for spending and the pace of AI and infrastructure investment.
What’s expected this quarter
Bloomberg consensus points to continued year-on-year revenue growth, led by advertising, with operating margins expected to remain elevated despite ongoing AI and infrastructure expenditure.
Bloomberg consensus reference points (January 2026)
- Revenue: about US$41 to US$43 billion
- EPS: about US$4.80 to US$5.10 (adjusted)
- Advertising growth: high-teens year on year (YoY)
- Operating margin: expected to remain above 40%
- Capital expenditure (capex): elevated, reflecting AI and data centre investment
*All above points observed as of 23 January 2026.
Expectations
Sentiment around Meta Platforms may be sensitive to any disappointment around advertising demand, margin sustainability, or the scale of ongoing investment in AI and Reality Labs.
Recent price action suggests that some market participants appear to be pricing in a relatively constructive earnings outcome, which can increase sensitivity to negative surprises.
Listed options were pricing an indicative move of around ±3% based on near-dated options expiring after 28 January and an at-the-money options-implied ‘expected move’ estimate.
Implied volatility was about 31% annualised into the event, as observed on Barchart at 11:00 am AEDT on 23 January 2026.
These are market-implied estimates and may change. Actual post-earnings moves can be larger or smaller.
What this means for Australian traders
Meta’s earnings may influence near-term sentiment across US technology indices, particularly the Nasdaq, with potential spillover into broader global equity risk appetite and index-linked products traded during the Asia session after the release, which can be volatile and unpredictable following earnings events.
Important risk note
Immediately after the US close and into the early Asia session, Nasdaq 100 (NDX) futures and related CFD pricing can reflect thinner liquidity, wider spreads, and sharper repricing around new information.
Such an environment can increase gap risk and execution uncertainty relative to regular-hours conditions.
With FX markets being pushed and pulled by market participants betting on when the major central banks are going to start cutting rates (or not) FX traders have some important risk events that will influence those expectations to negotiate this week. CPI and retail sales headline in the US, Aussie traders have the January Jobs report and for Sterling traders, UK GDP figures. The charts to watch US Dollar Index (DXY) – CPI to sway market pricing of a March cut Recent strong employment and growth data out of the US has seen the market reprice significantly lower the chance of a Fed rate cut in the March meeting, with odds currently sitting at around 19%, from around 50% only a couple of weeks ago.
This week’s CPI will likely go a long way to settling market expectations on this. DXY has had a strong run up in 2024 so far as continued Fed pushback on rate cut expectations has supported the USD. Key levels to watch this week are the 100 day SMA to the upside which has capped further upside in the DXY over the last few sessions, and the 200 day SMA to the downside for support.
AUDUSD – Will jobs bounce back after December’s shocker Last Tuesdays RBA meeting saw no cut as expected but with a hawkish bias in the accompanying statement. This was a relief for AUDUSD bulls after a break lower of the support level at 0.6525 on Monday looked like a significant decline was ahead for this pair. The RBA has a dual mandate of inflation and employment to look after, so this week’s Jobs report will be closely watched after the big miss in December’s figure.
The once support of 0.6525 has now established as resistance paired with the 100 Day SMA and will be a key level to watch with this week’s data as to the Aussies next move. The weeks full calendar at the link below: https://www.gomarkets.com/au/economic-calendar/
US tobacco and cigarette company Philip Morris International Inc. (NYSE: PM) released the latest financial results for Q4 and 2023 full year before opening bell in the US on Thursday. The company reported revenue of $9 billion for the quarter, which was just shy of $9.008 billion expected. Earnings per share (EPS) fell short of analyst estimates at $1.36 vs. $1.449 per share expected.
Full year revenue and EPS reached $35.2 billion and $5.02 per share respectively. Company overview Founded: 1874 Headquarters: Stamford, Connecticut, United States Number of employees: 79,800 (2022) Industry: Tobacco Key people: André Calantzopoulos (Executive Chairman), Jacek Olczak (CEO) CEO commentary "Our business delivered a strong finish to 2023 and we achieved a number of remarkable milestones on our path to becoming a smoke-free company," Jacek Olczak, CEO of Philip Morris said after earnings. "We are entering 2024 with strong momentum, and we expect it will be another year of excellent performance underpinned by an acceleration in organic smoke-free net revenue and profit growth," Olczak added. Stock reaction Shares were down by 2.68% at the end of Thursday’s session at $88.99 a share – the lowest since October 2023.
Stock performance 5 day: -4.57% 1 month: -6.43% 3 months: -0.86% Year-to-date: -5.37% 1 year: -12.73% Philip Morris stock price targets UBS Group: $86.50 JP Morgan Chase & Co.: $115 Redburn Atlantic: $95 Jefferies Financial Group: $105 Stifel Nicolaus: $114 Morgan Stanley: $113 Bank of America: $111 Barclays: $110 Citigroup: $117 Philip Morris International Inc. is the 94th largest company in the world with a market cap of $138.19 billion, according to CompaniesMarketCap. You can trade Philip Morris International Inc. (NYSE: PM) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to "Trading" then select "Share CFDs".
GO Markets offers pre-market and after-market trading on popular US Share CFDs. Why trade during extended hours? Volatility never sleeps.
Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Philip Morris International Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
On Friday, US beverage and food company PepsiCo Inc. (NASDAQ: PEP) announced the latest financial results before the market opened. The New York based company reported revenue of $27.85 billion for Q4 2023, falling short of Wall Street analyst estimate of $28.4 billion. Revenue was down from $27.996 billion from the same period in 2022.
Earnings per share (EPS) reached $1.78 (up by 6.5% year-over-year) vs. $1.722 per share expected. PepsiCo achieved full year revenue of $91.471 billion. Full year EPS reached $7.62 per share.
The company also announced a quarterly dividend of $1.265 per share. Company overview Founded: 1898 Headquarters: Donald M. Kendall Sculpture Gardens, Harrison, New York, U.S.
Number of employees: 315,000 (2022) Industry: Beverages, Food processing Key people: Ramon Laguarta (Chairman & CEO), Hugh Johnston (Vice Chairman & CFO) CEO commentary "We are pleased with our results for 2023 as we successfully navigated another year of elevated levels of inflation, macroeconomic volatility, geopolitical tensions and international conflicts. Our results demonstrate that the investments we have made to strengthen our business and advance our pep+ agenda are working: it’s evident in how we are innovating, operating, empowering our teams, building our brands, and competing in the marketplace," CEO of PepsiCo, Ramon Laguarta said in a statement to investors. Stock reaction The stock was down by 2.80% during Friday's session, trading at $168.99 a share.
Stock performance 5 day: -1.37% 1 month: +0.81% 3 months: +1.02% Year-to-date: -0.71% 1 year: -4.30% PepsiCo stock price targets Wedbush: $195 Barclays: $179 JP Morgan Chase & Co.: $176 Jefferies Financial Group: $203 DZ Bank: $187 Wells Fargo & Company: $172 Morgan Stanley: $190 Argus: $186 Royal Bank of Canada: $180 Citigroup: $180 Evercore ISI: $185 Deutsche Bank: $195 UBS Group: $205 Credit Suisse Group: $182 PepsiCo Inc. is the 47th largest company in the world with a market cap of $231.86 billion, according to CompaniesMarketCap. You can trade PepsiCo Inc. (NASDAQ: PEP) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to "Trading" then select "Share CFDs".
GO Markets offers pre-market and after-market trading on popular US Share CFDs. Why trade during extended hours? Volatility never sleeps.
Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: PepsiCo Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
The largest steel producer company in the United States, Nucor Corporation (NYSE: NUE), announced the latest financial results after the market closed in Wall Street on Monday. The company achieved revenue of $7.705 billion in the fourth quarter of last year, above analyst estimate of $7.635 billion. Earnings per share was reported at $3.16, also higher than $2.921 per share expected.
Company overview Founded: 1905 Headquarters: Charlotte, North Carolina, United States Number of employees: 31,000 (2022) Industry: Steel Key people: Leon J. Topalian (President, & CEO), John H. Walker (Executive Chairman), James D.
Frias (CFO) CEO commentary "The Nucor team delivered a strong finish to 2023, which represents the third-most profitable year in our Company's history. Nucor's strategy to grow our core steelmaking capabilities and expand beyond into steel-adjacent business lines continues to deliver strong results," Leon J. Topalian, CEO of the steel company said in a press release to investors. "Over the past four years, Nucor has generated an average annual ROE of 33% and has returned approximately $9.7 billion to its shareholders through dividends and share repurchases.
We remain optimistic that Nucor's best days are ahead of us, with a resilient U.S. economy and steel-intensive megatrends driving increased demand for our products. With our strong balance sheet and broad array of sustainable steel solutions, we believe Nucor is unparalleled with respect to its ability to leverage these market drivers for continued growth," Topalian added. Stock reaction The stock was up by 0.88% at market close on Monday, trading at $176.64 a share – the highest since 27/12/2023.
Shares rose by around 1% in the after-hours trading as the latest results were announced. Stock performance 5 day: +3.12% 1 month: +0.98% 3 months: +17.99% Year-to-date: +0.98% 1 year: +5.64% Nucor stock price targets UBS Group: $210 JP Morgan & Chase: $158 Morgan Stanley: $154 Citigroup: $180 Credit Suisse Group: $167 BNP Paribas: $191 The Goldman Sachs Group: $161 Nucor Corporation is the 427th largest company in the world with a market cap of $43.14 billion, according to CompaniesMarketCap. You can trade Nucor Corporation (NYSE: NUE) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform.
To find out more, go to ''Trading'' then select ''Share CFDs''. GO Markets offers pre-market and after-market trading on popular US Share CFDs. Why trade during extended hours?
Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Nucor Corporation, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
Chinese electric vehicle company, NIO Inc. (NYSE: NIO), hasn’t had the best start to 2024 with the stock plummeting by 37.05% year-to-date. That’s despite the company signing battery-swap agreements with other Chinese automakers, including, Changan Automobile, Geely Group, JAC Group and Chery Automobile. Back in the December, NIO also announced a $2.2 billion investment from Abu Dhabi.
You can read more about it here. On Thursday, the company released the latest delivery numbers for January, which had a rare positive effect on the share price. NIO delivered 10,055 cars last month, which was up by 18.2% from January 2023.
The company has delivered 459,649 vehicles in total as of 31/1/2024. The EV maker is expected to announce the latest financial results for the fourth quarter on around 21/3/2024. Company overview Founded: November 2014 Headquarters: Shanghai, China Number of employees: 20,000+ (2023) Industry: Automotive Key people: William Li (CEO), Lihong Qin (President), Wei Feng (CFO) Stock reaction The stock was up by 1.60% at the end of trading day on Thursday at $5.71 a share and is currently trading at the lowest level since June 2020.
Stock performance 5 day: -5.46% 1 month: -30.96% 3 months: -26.70% Year-to-date: -37.05% 1 year: -52.26% NIO stock price targets Mizuho: $15 Deutsche Bank: $16 CLSA: $14 Sanford C. Bernstein: $8 JP Morgan Chase & Co.: $10.50 Citigroup: $19.20 UBS Group: $15 Nomura: $7.50 Barclays: $8 Morgan Stanley: $12 NIO Inc. is the 1367th largest and 5th largest electric vehicle company in the world with a market cap of $11.91 billion. You can trade NIO Inc. (NYSE: NIO) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD.
GO Markets now offers pre-market and after-market trading on popular US Share CFDs. Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time. Why trade during extended hours?
Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: NIO Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
Microsoft Corporation (NASDAQ: MSFT) recently overtook Apple Inc. (NASDAQ: AAPL) as the largest company in the world, reaching $3.036 trillion market cap. On Tuesday, the company announced its latest financial results. Let’s see how the company performed.
The US tech giant reported revenue that exceeded Wall Street expectations at $62.02 billion for FY24 Q2 (up by 18% year-over-year) vs. $61.141 billion estimate. Earnings per share (EPS) reached $2.93 vs. $2.771 per share expected. EPS was up by 33% vs. the same period the year before.
Company overview Founded: 1975 Headquarters: Redmond, Washington Number of employees: 221,000 Industry: Technology Key people: Satya Nadella (CEO), Amy Hood (CFO) CEO and CFO commentary "We’ve moved from talking about AI to applying AI at scale. By infusing AI across every layer of our tech stack, we’re winning new customers and helping drive new benefits and productivity gains across every sector," Satya Nadella, CEO of the company highlighted what’s driving the business in a press release. Amy Hood, CFO of Microsoft, also chipped in to emphasize what helped the company achieve the high level results in the previous quarter: "Strong execution by our sales teams and partners drove Microsoft Cloud revenue to $33.7 billion, up 24% (up 22% in constant currency) year-over-year." Stock reaction Shares were flat at market close on Tuesday, trading at $408.49 a share.
There wasn’t much movement in the stock in the after-hours following the latest resulst were announced. One to watch at the open on Wednesday. Stock performance 5 day: +2.43% 1 month: +10.17% 3 months: +20.85% Year-to-date: +8.66% 1 year: +64.88% Microsoft stock price targets Wedbush: $450 Piper Sandler: $455 BNP Paribas: $471 BMO Capital Markets: $420 Mizuho: $450 Argus: $430 Tigress Financial: $475 Royal Bank of Canada: $390 Evercore ISI: $432 Barclays: $425 HSBC: $413 Citigroup: $432 You can trade Microsoft Corporation (NASDAQ: MSFT) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform.
To find out more, go to "Trading" then select "Share CFDs". GO Markets offers pre-market and after-market trading on popular US Share CFDs. Why trade during extended hours?
Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Microsoft Corporation, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap