Meta Crushes Wall Street Earnings Estimates As It Ramps Up AI Spending

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The company saw its net income soar by 35 percent compared to a year ago.

Platforms Inc., the owner of Facebook, Instagram and WhatsApp, handily beat Wall Street estimates in its third-quarter earnings, delivering revenue of $40.6 billion, net income of $15.7 billion and earnings per share of $6.03, all up substantially from 2023.

The company also warned that regulatory efforts in the U.S. and E.U. “could significantly impact our business and our financial results.” “We had a good quarter driven by AI progress across our apps and business,” said Mark Zuckerberg, Meta founder and CEO. “We also have strong momentum with Meta AI, Llama adoption, and AI-powered glasses.”Erin Lassner. We use vendors that may also process your information to help provide our services.

 

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हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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