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Meta earnings beat by a wide margin, and the stock is surging
Meta posted a second-quarter profit that beat expectations by a wide margin, and revenue that topped forecasts for a 12th-straight quarter, as active users, ad impressions and ad prices all rose. The company also provided a revenue outlook for the current quarter that was better than forecast.
LONDON (Reuters) -Shares in artificial intelligence heavyweights Microsoft and Meta Platforms both surged in European trading ...
Meta Platforms CEO Mark Zuckerberg expects to deliver “personal superintelligence for everyone” but his ambitious bets on AI ...
Mark Zuckerberg’s AI hiring spree is costing a lot of money. His investors don’t care. Meta’s stock price shot up over 10 ...
Meta Platforms forecast third-quarter revenue well above analysts' estimates on Wednesday, as artificial intelligence once ...
Meta’s heavy AI spending is boosting ad revenue — and the company is only getting more profitable in the process.
Meta is pouring money into the physical and technical infrastructure needed to scale its AI ambitions. The company said ...
The second-quarter results showed the Facebook parent’s core ad business remains strong at a time when the company is ...
Meta Platforms narrowed its annual capital expenditures forecast on Wednesday, driven by the social media giant's high-stakes ...
If Meta investors had concerns about the company’s huge spending on artificial intelligence infrastructure and talent, ...
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