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Meta forecasts 1st quarter revenue below estimates
Meta forecasts first quarter revenue below estimates
(Reuters) -Meta Platforms forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling its bets on pricey artificial intelligence-powered tools were struggling to attract additional digital ad dollars to its social media platforms.
Meta to report fourth-quarter earnings after the bell
Meta is slated to report fourth-quarter earnings on Wednesday after the close of regular trading. Meta shares are up over 11% since Oct. 30, when it reported third-quarter earnings and said it would raise the low end of its 2024 capital expenditures guidance from $37 billion to $38 billion.
Meta says current quarter sales to fall short of estimates
The company expects first-quarter sales of $39.5 billion (€38 billion) to $41.8 billion, it said on Wednesday. The midpoint missed the $41.7 billion average analyst estimate, according to data compiled by Bloomberg. Meta employs around 2000 people in the Republic.
Meta, DeepSeek and Zuckerberg
Microsoft, Meta CEOs defend hefty AI spending after DeepSeek stuns tech world
"Investing 'very heavily' in capital expenditure and infrastructure is going to be a strategic advantage over time," Mark Zuckerberg said.
Zuckerberg Says DeepSeek ‘Strengthened Our Conviction' as Meta Spends Big on AI
Key Takeaways Meta CEO Mark Zuckerberg said Wednesday’s that the rapid rise of competitors from China has only strengthened the tech giant’s commitment to its AI ambitions. The CEO said it’s too early to know how growing competition from China could impact its future investments.
Mark Zuckerberg says Meta isn’t worried about DeepSeek
I continue to think that investing very heavily in CapEx and infra is going to be a strategic advantage over time.’
12h
on MSN
Is Meta Stock a Buy, Hold or Sell After Earnings?
Meta stock is gaining ground Thursday after the social media giant reported strong earnings, but what does Wall Street have ...
8h
on MSN
Why Meta Stock Is Soaring Today
Meta delivered fantastic results for Q4 2024. The company increased earnings per share for the quarter by 50% year over year, ...
1d
Meta's Reality Labs posts $5 billion loss in fourth quarter
Meta’s Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth ...
1d
on MSN
Meta will likely print a modest beat and bracket quarter, says Evercore ISI's Mark Mahaney
Mark Mahaney, Evercore ISI head of internet research, joins CNBC's 'The Exchange' to break down expectations for Meta's ...
Impacts
18h
Meta Shares Rise On Revenue Boost
Meta shares were up slightly in after-hours trading on Wednesday after the company reported fourth-quarter earnings that beat ...
1d
Meta Agrees to Pay Trump $25 Million to Settle His Lawsuit
President Trump had sued Meta and other tech firms in 2021, arguing that he had been wrongfully censored by them. Meta also ...
10h
Wall Street rises as gains in Meta, Tesla offset Microsoft slump
Wall Street's main indexes rose on Thursday, driven by post-earnings advances in Meta and Tesla, although Microsoft's weak ...
21h
on MSN
Meta Q4 Beats On Top & Bottom Lines Amid AI Jitters, Reported Legal Settlement With President Trump
Meta beat on key fourth quarter numbers but forecasts for the current first quarter disappointed. Founder-CEO Mark Zuckerberg ...
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