Reported 1 day ago
Meta is set to release its Q3 earnings report, revealing a substantial investment in AI, including a planned $72 billion budget for 2025 and significant partnerships such as with Scale AI. Despite concerns over recent layoffs, the company expects earnings of $6.72 per share on revenues of $49.6 billion, driven by robust advertising revenues boosted by AI efficiencies. CEO Mark Zuckerberg emphasizes that advancements in AI are enhancing user engagement, but the company faces pressure to demonstrate continued success in this area as it reports earnings on the same day as its competitor, Google.
Source: YAHOO