Reported 3 months ago
Meta, the parent company of Facebook and Instagram, will report its second quarter earnings, with a spotlight on advertising performance and AI spending. Analysts expect the firm to post earnings per share of $4.74 on revenue of $38.3 billion, significantly higher than the previous year. The company braces for robust ad revenue, assisted by the upcoming elections and the Olympics, despite ongoing questions about the profitability of its AI investments, particularly within its struggling Reality Labs segment.
Source: YAHOO