Meta told investors during its earnings call that there's a balancing act when it comes to the company's infrastructure buildout. As Meta prepares to sell some of its excess capacity, Zuckerberg said the company has to consider what it should lease and what it should keep for developing its models and services.
A day after blasting OpenAI and Anthropic for hoarding information, the drama surrounding Meta's Q2 earnings call centered around how he would follow up. Listeners didn't have to wait long for the answer.
The recent Gen Z student protest in India has cast a spotlight on Instagram's growing influence in the country's politics. Indian Prime Minister Narendra Modi posted his first selfie video on the platform last Thursday, raking in nearly 400 million views, in a bid to reach out to Gen Zs.
Meta Platforms NASDAQ: META reported second-quarter 2026 revenue growth of 28% as the company said artificial intelligence initiatives improved content recommendations, advertising performance and product development, while it continued to accelerate spending on data centers and other AI infrastructure.
Meta's stock is tumbling as its AI bets wipe out most of its free cash flow. One analyst said its latest AI rollouts feel like "throwing spaghetti on the wall.
Meta currently has 32 data centers across the globe in operation or under construction, with 28 of them in the US.
In June, Meta entered the enterprise AI market with a new AI agent aimed at businesses, to help with customer service, support, and other daily operations. But the tech giant's enterprise AI ambitions are much more expansive, Meta CEO Mark Zuckerberg told investors on Wednesday's second-quarter earnings call.
Meta Platforms (META) came out with quarterly earnings of $6.18 per share, missing the Zacks Consensus Estimate of $7.1 per share. This compares to earnings of $7.14 per share a year ago.
Meta Platforms, Inc. delivered strong operational metrics and revenue growth, despite an 8% post-earnings stock decline and mixed headline results. Q2 saw significant margin compression from higher R&D, legal, and severance costs; however, core business health and user growth remain robust. META's guidance for Q3 revenue is slightly below consensus, and elevated CapEx continues to pressure free cash flow, but monetization opportunities persist.
Ygal Arounian, Wedbush managing director, Internet equity research, reacts to Meta Platforms Inc.'s second-quarter earnings and disappointing earnings forecast on "Bloomberg The Close." -------- More on Bloomberg Television and Markets Like this video?
Meta shares plunged more than 8% in the after market as it said it plans to invest between $130 billion and $145 billion on AI this year. The parent of Facebook, Instagram and WhatsApp also missed Wall Street's Q2 earnings per share forecast and anticipated softer than expected revenue in the current third quarter.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) missed second-quarter profit estimates on Wednesday, weighed down by a jump in costs including legal charges, even as revenue grew faster than expected. The social media giant reported earnings per share of $6.18, down 13% year-over-year and well below the $7.22 analysts had expected.