News Formal

Meta set to report second-quarter earnings after the bell

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Meta is expected to show continued improvement in its digital ads business when the company reports earnings on Wednesday.

Meta is expected to show revenue growth of about 20% for the second quarter as its digital ads business continues to recover.

While the company's core ad unit has been the primary driver of the stock, investors are increasingly focused on Meta's hefty spending on artificial intelligence and the metaverse. Like other tech giants, Meta has been pouring money into data center infrastructure and computing resources needed to train AI models and run massive workloads.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 524. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meta set to report second-quarter earnings after the bellMeta is expected to show continued improvement in its digital ads business when the company reports earnings on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »