Meta Earnings Deliver: Stock Jumps As Profits Soar 73%

Category: Business

Meta's Q2 profits surged by 73%, driven by strong advertising revenue, despite a $4.5 billion loss in its Reality Labs division. The company reported $39.1 billion in revenue, exceeding forecasts, and expects continued growth in Q3. Meta's stock has rebounded significantly since last year, reflecting improved profitability and the introduction of quarterly dividends.

Keywords: Meta, Q2 profits, advertising revenue

Source: Forbes

Update At: 8/1/2024

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