![]() to $33 billion U.S.Įxpenses in 2024 are expected to grow due to investments in data centers and artificial intelligence, the company said. to $30 billion U.S., down from a previous estimate of $30 billion U.S. The company is now forecasting capital expenditures for all this year of $27 billion U.S. The company has been striving to become more efficient, instituting a cost-savings plan that resulted in 21,000 job cuts earlier this year. Meta said its total expenses in Q2 were $22.61 billion U.S., an increase of 10% from the same period in 2022. Analysts had been forecasting Q3 revenue of $31.3 billion U.S. to $34.5 billion U.S., suggesting growth of at least 15% from a year earlier. Looking ahead, Meta Platforms forecast third-quarter revenue of $32 billion U.S. Revenue in Q2 increased 11% from a year earlier, the first time the company has reported double-digit growth in that area since the end of 2021. Ěverage Revenue Per User (ARPU): $10.63 U.S. ![]() Monthly Active Users (MAUs): 3.03 billion compared to 3 billion expected.ĝaily Active Users (DAUs): 2.06 billion versus 2.04 billion expected.Other key numbers reported by Meta include: compared to consensus estimates of $31.12 billion U.S. Revenue in the quarter amounted to $32 billion U.S. that had been expected by analysts, according to Refinitiv data. Shares of Meta Platforms (META) are up 8% after the parent company of Facebook and Instagram reported second-quarter earnings that beat Wall Street forecasts across the board.įueled by a rebound in digital advertising on its social media platforms, Meta reported earnings of $2.98 U.S.
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