Meta Platforms beats earnings expectations with $39.07 billion revenue in Q2, stocks rise 7% after hours.

From CNBC: 2024-07-31 19:13:39

Meta Platforms reported revenue of $39.07 billion in Q2, beating estimates by analysts. Earnings per share rose 73% to $5.16, surpassing expectations. The company’s focus on AI investments raised concerns, but Zuckerberg explained the benefits on a post-earnings call, driving a 7% rally in after-hours trading. Meta also provided strong user, advertising, and guidance data.



Read more at CNBC:: Meta shows its AI spending is already paying off in big earnings beat