Meta Platforms Inc Class A (META)
Meta Platforms, Inc. (META) Q3 2024 Earnings Call Transcript
Meta Platforms, Inc. (NASDAQ:META ) Q3 2024 Earnings Call Transcript October 30, 2024 5:00 PM ET Company Participants Kenneth Dorell - Director of IR Mark Zuckerberg - Founder, Chairman and Chief Executive Officer Susan Li - Chief Financial Officer Conference Call Participants Brian Nowak - Morgan Stanley Eric Sheridan - Goldman Sachs Douglas Anmuth - JPMorgan Justin Post - Bank of America Ross Sandler - Barclays Ronald Josey - Citi Ken Gawrelski - Wells Fargo Securities Youssef Squali - Truist Securities Mark Mahaney - Evercore ISI Operator Good afternoon. My name is Krista and I will be your conference operator today.
With Reality Labs, Meta risks heading down slippery slope of overspending again
Zuckerberg said that he is going to keep building out Meta's infrastructure and data centers, because the opportunity is so huge, even if investors don't like it.
Meta Says It's 'Making a Lot of Progress' With AI as Spending Grows
Meta Platforms (META) CEO Mark Zuckerberg said in Wednesday's earnings call that more spending on artificial intelligence (AI) products and infrastructure "is maybe not what investors want to hear in the near term," but that he feels it's necessary for the tech giant to seize opportunities in the industry.
Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI
Meta has been so quick to build out its massive data center and computing infrastructure for AI that even CEO Mark Zuckerberg is a bit surprised. Meta raised the low end of its capital expenditures guidance for 2024 to $38 billion from $37 billion.
Markets Give Back Gains as Hovering Continues
As we've stated in this space previously, the big news the market is waiting for is not here yet.
Meta Platforms (META) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Meta Platforms (META) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Meta warns of ‘significant acceleration' in costs tied to AI after strong Q3
Meta's earnings come after encouraging results from digital ad bellwethers Alphabet and Snap.
Meta Platforms (META) Beats Q3 Earnings and Revenue Estimates
Meta Platforms (META) came out with quarterly earnings of $6.03 per share, beating the Zacks Consensus Estimate of $5.19 per share. This compares to earnings of $4.39 per share a year ago.
Meta's AI Spending Will Pay Off, Analyst Thill Says
Jefferies Analyst Brent Thill says Meta Platforms Inc.'s capital spending will pay off on "Bloomberg The Close." Meta projected stronger-than-expected holiday quarter sales and touted AI improvements to its core advertising business.
Meta's Earnings Top Estimates With a Boost From AI Demand as It Lifts Spending Projections
Meta Platforms (META) reported third-quarter earnings that topped analysts' estimates with a boost from artificial intelligence (AI) demand, and lifted its estimates for how much money it plans to spend this year as it invests in the emerging tech.
Meta slips on light fourth quarter revenue guidance
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) shares slipped as the Facebook and Instagram parent company guided weaker-than-expected revenue for the fourth quarter. For the December quarter, Meta expects revenue in the range of $45 billion to $48 billion, at the lower end missing Street estimates of $46.18 billion.
Meta rides AI boom to stellar quarterly earnings, but slightly less than expected
Company beats financial predictions but does not increase daily users as much as Wall Street thought it might
