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Meta set to report second-quarter earnings after the bell

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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.

 

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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 »