.July 29, 2024 01:57:06 PM

Meta Platforms, listed on NASDAQ:META, is expected to report a substantial year-over-year revenue growth in Q2 2024, with projections around $38.27 billion. The company’s advertising revenue, which makes up nearly 98% of its total revenues, surged by 26.8% in Q1 2024, driven by strategic AI utilization. Despite challenges, Meta’s stock has gained 35.23% year to date, showcasing investor confidence in its growth trajectory. The company’s valuation metrics indicate a premium, with a forward 12-month Price/Sales ratio of 8.06X, above the sector average, and other financial ratios reflecting investor sentiment towards Meta’s earnings and sales performance.