They beat Wall Street’s profit estimates and predict the current period. The Meta stock price today reported a quarter of $38,5 billion to a Meta stock of $41 billion, or $39,75 billion at the middle of the range. Analysts were referring to Nasdaq: meta expecting a prediction of $39,1 billion.
The Meta stock chart illustrates a 22% growth from $32 billion a year ago. This growth marks a fourth straight quarter of 20%. According to Nasdaq: meta, the net revenue jumped 73% to $13,47 billion from $7,79 billion, or $2,98 a share.
The Meta stock chart shows that Meta boosted their digital ad market share. Advertising income from Facebook and Instagram apps., rose 22% from last year. In conformity with Nasdaq: meta, the Meta stock Q2 capex was $8,47 billion, below the $9,51 billion that the Meta stock analysts expected. Also, last week, Alphabet stated an 11% growth in Google ads, with YouTube missing rates.
The Meta earnings date says unchanged at $96 billion to $99 billion. Meta stock price today had restricted the range for capital costs. The Meta stock chart estimates are $37 billion to $40 billion, the low number being $35 billion. The Meta earnings date reported they had 3,27 billion daily active people (DAP) in the quarter. The DAP is the number of users accessing any of their apps.
Since 2022, Meta earnings date have benefited from economizing. They eliminated about 21,000 jobs over many rounds of layoffs. The Meta stock price today climbed 58% from a year before to $14,9 billion. Also, Meta’s operating edge expanded to 38% from 29% in the previous year.
Meta spent heavily on AI and VR to build the metaverse. Meta has been flowing money into data centers and computing resources. Mark Zuckerberg declared staying ahead of the competition is necessary. “We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year,” Zuckerberg said in a statement.
On Wednesday, Meta declared they want ‘to refine our plans for next year, we currently expect significant capital expenditures growth in 2025 as we invest to support our artificial intelligence research and product development efforts.’
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