Meta's Q2 revenue surpasses $39bn, driven by AI investments and stronger advertising revenue.

Meta's AI investments pay off: Q2 revenue surpasses expectations at $39bn, with Meta AI on track to become the most used AI assistant globally by year-end. Meta raised the lower end of its projected capital expenditures to $37bn, emphasizing the importance of AI infrastructure. The company's advertising revenue increased to $38.33bn, driven by higher average prices per ad and more ad impressions.

July 31, 2024
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