Meta Platforms Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance — 'Meta AI Is On Track To Be The Most Used AI Assistant In The World'
Portfolio Pulse from Adam Eckert
Meta Platforms Inc (NASDAQ:META) reported strong Q2 earnings, beating both revenue and EPS estimates. The company saw a 22% YoY increase in total revenues and provided strong guidance for Q3. Meta AI is on track to become the most used AI assistant globally by year-end.
July 31, 2024 | 8:20 pm
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Meta Platforms reported strong Q2 earnings, beating both revenue and EPS estimates. The company saw a 22% YoY increase in total revenues and provided strong guidance for Q3. Meta AI is on track to become the most used AI assistant globally by year-end.
Meta's strong Q2 performance, beating both revenue and EPS estimates, along with a positive outlook for Q3, is likely to boost investor confidence. The significant YoY revenue growth and the promising future of Meta AI further enhance the positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100