Meta Joins The AI Spending Spree But Shields Itself With Strong Ad Revenue And Earnings Beat
Meta Joins The AI Spending Spree But Shields Itself With Strong Ad Revenue And Earnings Beat
On Wednesday, $Meta Platforms (META.US)$ surpassed Wall Street estimates with its second quarter results, as well as raised its guidance for the current quarter. During Wednesday's extended trading, Meta shares made a 7% jump.
星期三, $Meta Platforms (META.US)$ 其第二季度业绩超过了华尔街的预期,并提高了对本季度的预期。在周三的延期交易中,Meta股价上涨了7%。
For the quarter ended on June 30th, revenue grew 22% YoY to $39.07 billion, exceeding LSEG's estimate of $38.31 billion. This is the fourth consecutive quarter that Meta reported revenue growth that exceeds 20%.
截至6月30日的季度,收入同比增长22%,达到390.7亿美元,超过了LSEG估计的383.1亿美元。这是 Meta 连续第四个季度报告收入增长超过 20%。
With higher average prices per ad and more ad impressions across its apps, advertising revenue grew 22% to $38.33 billion, showing Meta continues to dominate the digital ad market, its core business. This growth rate is double compared to its biggest rival, Alphabet $Alphabet-C (GOOG.US)$, who last week reported Google ad revenue growth of 11% while its YouTube sales fell short of expectations.
随着每则广告的平均价格上涨以及其应用程序的广告曝光量增加,广告收入增长了22%,达到383.3亿美元,这表明Meta继续主导其核心业务数字广告市场。与其最大的竞争对手Alphabet相比,这一增长率是其两倍 $谷歌-C (GOOG.US)$,该公司上周报告称,谷歌的广告收入增长了11%,而其YouTube的销售额低于预期。
Expenses amounted to $24.2 billion, including charges from its recent $1.4 billion agreement to settle a facial recognition data lawsuit by the state of Texas. Capital expenditures of $8.47 billion were below LSEG's consensus estimate of $9.51 billion.
支出总额为242亿美元,其中包括其最近为解决德克萨斯州面部识别数据诉讼而达成的14亿美元协议中的费用。84.7亿美元的资本支出低于LSEG共识估计的95.1亿美元。
Operating income climbed 58% to $14.9 billion as the operating margin expanded from last year's comparable quarter, when it amounted to 29% to 38%.
营业收入增长了58%,达到149亿美元,这要归因于去年同期的营业利润率从去年同期的29%提高到38%。
Net income jumped 73% to $13.47 billion, with earnings of $5.16 a share, surpassing LSEG's consensus estimate of $4.73 per share.
净收入增长了73%,至134.7亿美元,每股收益为5.16美元,超过了LSEG共识估计的每股4.73美元。
Meta expects current-quarter revenue between $38.5 billion and $41 billion.
Meta预计本季度收入在385亿美元至410亿美元之间。
Meta AI, which rivals offerings from $Microsoft (MSFT.US)$ OpenAI and Alphabet-owned Google is stated to be on track to become the most used AI assistant by the end of the year. But, monetizing this tool will take time.
Meta AI,可与来自的产品相媲美 $微软 (MSFT.US)$ 据称,到今年年底,OpenAI和Alphabet旗下的谷歌有望成为最常用的人工智能助手。但是,通过此工具获利需要时间。
With its AI offerings, Meta also aims to make its core business, advertising, more effective, using these tools to improve ad performance and the overall user experience.
通过其人工智能产品,Meta 还旨在提高其核心业务广告的效率,使用这些工具来改善广告效果和整体用户体验。
After recently unveiling its most capable open-source AI model yet, Llama 3.1 as part of its AI push, Zuckerberg revealed Meta is already working on Llama 4, which it ambitiously aims to become "the most advanced in the industry next year." This speed of development emphasizes Meta's determination to ensure that its technology is on par with that of rivals like Microsoft-backed OpenAI and Google.
扎克伯格最近发布了迄今为止最强大的开源人工智能模型——Llama 3.1,这是其推动人工智能的一部分,之后透露 Meta 已经在开发 Llama 4,其雄心勃勃的目标是成为 “明年业内最先进的模型”。这种开发速度凸显了Meta确保其技术与微软支持的 OpenAI 和谷歌等竞争对手相提并论的决心。
Heavy AI infrastructure spending to avoid being late.
大量的人工智能基础设施支出以避免迟到。
Like Google, Microsoft and other tech peers, Meta boosted spending to invest in AI infrastructure, raising concerns about whether these massive costs will pay off. In addition, Meta CFO Susan Li revealed Meta expects significant CapEx growth in 2025. But Meta CEO Mark Zuckerberg shares the reasoning with Google CEO, Sundar Pichai, prefering to risk building capacity before it is needed, rather than risk being too late.
与谷歌、微软和其他科技同行一样,Meta 增加了投资人工智能基础设施的支出,这引发了人们对这些巨额成本是否会得到回报的担忧。此外,Meta 首席财务官 Susan Li 透露,Meta 预计 2025 年的资本支出将大幅增长。但是,Meta首席执行官马克·扎克伯格与谷歌首席执行官桑达尔·皮查伊有同样的理由,他们宁愿在需要之前冒险进行能力建设,而不是冒着为时已晚的风险。
Meta's financials continue to benefit from cost-cutting efforts that Meta kicked off in late 2022. But the highlight of the report was undoubtedly the AI spending spree. Although Meta also needs to prove its ambitious AI visions are worth the investment, like Google, Meta is delivering when it comes revenue growth and earnings beats, which is undoutebtedly easing investor concerns.
Meta 的财务状况继续受益于 Meta 于 2022 年底启动的削减成本的举措。但该报告的亮点无疑是人工智能的疯狂支出。尽管 Meta 也需要证明其雄心勃勃的人工智能愿景值得投资,但与谷歌一样,Meta 正在实现收入增长和盈利增长,这无疑缓解了投资者的担忧。