Meta Platforms Inc Class A (META)
Meta's advertising growth is proof that hefty AI spending is already paying off
On Wednesday's earnings call with analysts, CEO Mark Zuckerberg and CFO Susan Li rattled off the many ways that AI has helped the company's business. Meta's advertising sales in the second quarter increased 22%, double the growth rate at rival Google.
4 Key Takeaways From Meta's Earnings Call
After Meta Platforms (META) reported second-quarter results that beat analysts' estimates, CEO Mark Zuckerberg gave investors an update on the tech giant's artificial intelligence (AI) developments, outlook, and more in the company's earnings call.
Meta Platforms, Inc. (META) Q2 2024 Earnings Call Transcript
Meta Platforms, Inc. (NASDAQ:META ) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Kenneth Dorell - Director of IR Mark Zuckerberg - Founder, Chairman and CEO Susan Li - CFO Conference Call Participants Brian Nowak - Morgan Stanley Mark Shmulik - Bernstein Research Eric Sheridan - Goldman Sachs Douglas Anmuth - JPMorgan Justin Post - Bank of America Mark Mahaney - Evercore ISI Youssef Squali - Truist Securities Ronald Josey - Citi Ross Sandler - Barclays Operator Good afternoon. My name is Krista and I will be your conference operator today.
Compared to Estimates, Meta Platforms (META) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Meta Platforms (META) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Meta's going to spend like crazy on AI in the next year — and investors don't hate it
Meta's second-quarter revenue hit $39 billion, surpassing Wall Street expectations. The company says it's going to keep spending big this year to support AI research and development.
Meta Platforms (META) Surpasses Q2 Earnings and Revenue Estimates
Meta Platforms (META) came out with quarterly earnings of $5.16 per share, beating the Zacks Consensus Estimate of $4.70 per share. This compares to earnings of $3.23 per share a year ago.
Meta Platforms: Loved The Earnings, Hated The After Hours Rally
Meta Platforms: Loved The Earnings, Hated The After Hours Rally
Meta's Earnings Beat Sends Its Stock Higher as Zuckerberg Highlights AI Initiatives
Meta Platforms (META) reported second-quarter earnings and revenue that beat analysts' estimates, sending its stock higher in extended trading Wednesday.
Strong earnings report pushes Meta shares up amid heavy AI spending
Stock price grew around 5%, which revealed the company outperformed analysts' expectations for its second quarter
Facebook parent Meta delivers strong quarter, sending shares soaring
Net income jumped 73% to $13.5 billion, and revenue rose 22% to $39.07 billion.
Meta shares pop on Q2 earnings beat, strong revenue guidance
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) stock jumped more than 5% afterhours as its second quarter financial performance topped analyst estimates for the top and bottom lines. Earnings per share (EPS) was up 73% from the year-ago quarter at $5.16, above estimates of $4.70.
Meta Says It Will Continue Spending, as Growth Surges
The company has been investing in artificial intelligence technologies, as well as building the immersive world of the metaverse.
