The way some companies with big AI dreams are thinking, smartphone users want nothing more than to get advice from, be entertained by, and interact with virtual chatbots. Meta is betting so big on this concept that it just launched a major…
Facebook, Instagram and WhatsApp parent Meta said daily active users across its family of apps rose 7% last quarter to 3.27 billion as ad impressions jumped 10% for total revenue of about $39.1 billion, up 22% and above Wall Street…
Meta's Reality Labs posts Q2 revenue up 28% YoY of $353M, vs. $371M est., and operating loss of $4.48B, vs. $4.55B est.; Reality Labs has lost ~$50B since 2020 — Meta's ambitious plans to develop the metaverse is still costing the company…
Meta handily beat Wall Street estimates in Q2 2024, but it warned investors that it continues to lose billions on its “Reality Labs” division, and added that the company expects to spend even more next year as it builds out its artificial…
Meta Platforms Inc (NASDAQ:META) reported financial results for the second quarter after market close on Wednesday. Here’s a look at the key metrics from the quarter.
Meta’s social-media empire keeps minting digital-ad dollars — while its metaverse and AR/VR business continues to rack up bigger losses. The company, which operates apps including Facebook, Instagram and WhatsApp, reported top-line revenue…
Meta Q2: revenue up 22% YoY to $39.07B, net income up 73% to $13.47B, family daily active people up 7% to 3.27B on average for June; META jumps 5%+ after hours — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the…