Meta stocks rise rapidly, sales exceed market expectations - advertising business is doing well
August 1, 2024 5:34 JST
Sales exceeded market expectations for the April-June (fourth quarter) financial results of Facebook's parent company, US Meta Platforms. It was confirmed that large investments in artificial intelligence (AI) contributed to increased sales of targeted personalized advertisements. The company's stock price temporarily rose by about 10% due to overtime trading on the US stock market on July 31.
Meta's sales for the April-June fiscal year were 39.1 billion dollars (approximately 5,870 billion yen). The analyst forecast compiled by Bloomberg was 38.3 billion 40 million dollars.
Sales for July-September (3rd quarter) were forecast to be 38.5 billion to 41 billion dollars. Analysts forecast 39.2 billion dollars.
Meta's sales for the April-June fiscal year were 39.1 billion dollars (approximately 5,870 billion yen). The analyst forecast compiled by Bloomberg was 38.3 billion 40 million dollars.
Sales for July-September (3rd quarter) were forecast to be 38.5 billion to 41 billion dollars. Analysts forecast 39.2 billion dollars.
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