Meta Q2 ad sales expected to rise; focus on AI roadmap, costs

Quick Summary:

Meta Platforms is expected to report a 20 per cent rise in quarterly revenue, helped by strong ad sales driven by the Olympics and elections in several countries, but investors will want to see if its spending on AI is starting to yield returns.

Meta is betting on an open-source approach for its generative AI push.

Alphabet's warning last week that capital expenses would stay high this year, overshadowed a jump in ad sales and pushed its stock down.

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Category: EconomyBusiness

Markets: Singapore

Topics: Rise Sales Cent Meta Platforms Company Media Streams Want Revenue Report

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 18:01:56 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 470 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21853748

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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Publisher ID: #27

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