The company announced a record revenue of $ 48.39 billion for the last quarter and profits of $ 8.02 per share
META revenue and profits better in the market for the first quarter of use, but its estimates of advertising sales revenue in this year’s first quarter have moved lower than forecasts.
Specifically, the company announced Revenue Revenue of $ 48.39 billion For the last quarter of use, surpassing the converging estimates of analysts for revenue of $ 47.03 billion, according to LSEG data, and Earnings of $ 8.02 per share against estimates of $ 6.77 per share.
However, in the first quarter of the new year, Meta expects revenue between $ 39.4 billion and $ 41.8 billion, against estimates for $ 41.72 billion, according to LSEG.
The apparent slowdown in advertising revenue attracted by META social networking platforms has troubled investors as the technological colossus is based on advertising revenue to cover its huge spending on artificial intelligence and “Metavers”.
And, since just last week Meta CEO Mark Zuckerberg said the company’s capital expenditure is calculated up to $ 65 billion.
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.