Meta Stock Price Gains on AI-Fueled Earnings

Category: Business

Meta reported a 22% revenue increase to $39.1 billion in Q2, driven by strong digital advertising demand despite slowing user growth. The company is investing heavily in AI infrastructure, with expectations of significant growth in 2025. Operating margins improved to 38%, and free cash flow rose nearly 20% to $13.2 billion. CEO Mark Zuckerberg highlighted AI opportunities, particularly in customer service and integration with products like Ray-Ban glasses.

Keywords: Meta, Earnings, AI Investment

Source: Morningstar.com

Update At: 8/1/2024

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