Meta earnings rise on digital ads, AI push as revenue jumps 11%

📆 27/07/2023 00:24:00

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Facebook parent Meta is raking in digital ads, as its earnings attest, and Wall Street is rewarding it. The company’s stock initially jumped 7% in after-hours trading Wednesday before cooling. $META reported fiscal Q2 net income of $7.79 billion.

📆 27/07/2023 00:24:00
📰 MarketWatch

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 97%

Facebook parent Meta Platforms Inc. is raking in digital ads, as its earnings attest, and Wall Street is rewarding it. The company’s stock initially jumped 7% in after-hours trading Wednesday before cooling.

A rebound in advertising, the monetization of Reels and AI-fueled ad targeting and measurement contributed to the quarter’s performance. Meta executives forecast third-quarter revenue of $32 billion to $34.5 billion, while analysts on average were expecting $31.2 billion, according to FactSet.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Escrever Comentário

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Wall Street foes turn free-market heroes amid GOP attacksRepublican lawmakers warn that the ESG push by firms and financial regulators is hurting investor returns and the fossil fuel industry.
Consulte Mais informação »