Lates News

CMB Securities released a report stating that Meta's performance in the second quarter was a complete success, with revenue reaching $47.5 billion, a 22% increase year on year, exceeding expectations by 6%; operating profit reached $20.4 billion, surpassing expectations by 19%. The strong growth was mainly driven by ad revenue from the Family of Apps, with daily active users increasing by 6% year on year to 3.48 billion, ad impressions increasing by 11% year on year, and average ad prices increasing by 9% year on year. Meta became the first in the industry to raise its stock target price from $759 to $866, reflecting accelerated growth and confirming the sustained and robust growth in user and ad revenue driven by AI, alleviating concerns about capital expenditures and receiving a rating of "hold."