"Meta's top-line revenue, of which the vast majority comes from mobile advertising, far exceeded analyst expectations at $51.24 billion. Revenue growth of 26% year-over-year was fueled by sharper ad performance, thanks to Meta's heavy investments in AI. The tech giant said the ad impressions delivered across its apps, such as Facebook, Instagram and Threads, increased by 14% year-over-year. The average price per ad increased by 10% year-over-year."
"The company on Wednesday said it would increase its capital expenditures for 2025 to a range of $70 billion to $72 billion, up from its prior outlook of $66 billion to $72 billion. The company expects its full-year 2025 expenses to now be in the range of $116 billion to $118 billion, up from its previous outlook of $114 billion to $118 billion."
Meta reported $51.24 billion in revenue, driven mostly by mobile advertising. Revenue rose 26% year-over-year due to improved ad performance from heavy AI investments. Ad impressions across Facebook, Instagram and Threads rose 14% year-over-year, while average price per ad grew 10% year-over-year. Capital expenditures for 2025 increased to $70–$72 billion and full-year 2025 expenses are expected at $116–$118 billion. Capital spending is expected to be notably larger in 2026 due to infrastructure, cloud, depreciation and employee costs. Meta recorded a one-time, non-cash $15.93 billion tax charge tied to recent tax legislation. Reels and short-form vertical video advertising remain primary growth drivers.
Read at Axios
Unable to calculate read time
Collection
[
|
...
]