Meta Earnings: Spending Big on AI
Here's our initial take on Meta Platforms' (NASDAQ: META) fiscal 2025 second-quarter financial report.
Meta Platforms easily beat analyst expectations in the second quarter. Revenue was up 22% year over year to $47.5 billion, and earnings per share soared 38% to $7.14. The number of daily active people across the company's products rose by 6% to 3.48 billion, ad impressions shot up 11%, and average price per ad jumped 9%.
While Meta's advertising business is churning out record revenue and profits, the company is focused on the heavy investments necessary to make its artificial intelligence (AI) superintelligence push a reality. "I'm excited to build personal superintelligence for everyone in the world," said CEO Mark Zuckerberg in the earnings release.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 11 Buy predictions and 1 Sell predictions.
As a result the target price of 680 € shows a positive potential of 22.48% compared to the current price of 555.2 € for Meta Platforms Inc..
