"Meta Platforms posted impressive Q2 results, generating $46.6 billion in ad revenue, exceeding expectations with a 22% year-over-year growth, and massive overall revenue gains."
"Looking forward to Q3, Meta's revenue guidance between $47.5 billion and $50 billion reflects a significant increase, surpassing analyst expectations and indicating sustained growth."
In Q2, Meta Platforms generated $47.5 billion in total revenue, primarily driven by a 22% rise in advertising revenue, which totaled $46.6 billion. This surpasses the company's own expectations of 13% revenue growth for the quarter. Looking ahead, Meta projects revenue for Q3 between $47.5 billion and $50 billion, indicating a sustained growth trajectory. Despite the positive outlook, concerns exist regarding the valuation of Meta's stock after an 11% jump in response to its earnings report.
Read at The Motley Fool
Unable to calculate read time
Collection
[
|
...
]