Meta leans on ad growth to support record AI spending
First-quarter sales are forecast at $53.5–56.5 billion, beating estimates. While Reality Labs posted a $6 billion operating loss, Meta continues to scale AI products, including M365 Copilot-style offerings and AI wearables, aiming for long-term growth. Shares jumped over 11% in extended trading.
First-quarter sales are forecast at $53.5–56.5 billion, beating estimates. While Reality Labs posted a $6 billion operating loss, Meta continues to scale AI products, including M365 Copilot-style offerings and AI wearables, aiming for long-term growth. Shares jumped over 11% in extended trading.
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