Meta Platforms Expects FY24 Total Expenses To Be In The Range Of $96B-99B
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms expects its full-year 2024 total expenses to be in the range of $96-99 billion, unchanged from its prior outlook. The company also anticipates increased operating losses for Reality Labs due to ongoing product development and scaling investments.
July 31, 2024 | 8:08 pm
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Meta Platforms maintains its FY24 expense outlook at $96-99 billion and expects increased operating losses for Reality Labs due to ongoing investments.
The news confirms Meta's previous expense outlook, which may not significantly impact the stock price in the short term. However, the expected increase in operating losses for Reality Labs could be a concern for investors focused on profitability.
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