Africa-Press – Eritrea. US multinational technology conglomerate Meta posted better-than-expected financial results Wednesday, largely led by artificial intelligence (AI) “unlocking” the efficiency and performance of its ad system.
Meta’s net income rose 36% on an annual basis to $18.34 billion in the second quarter of the year, according to a statement. Revenue was up 22% in the same period to $47.5 billion from $39.1 billion in the same period of 2024.
The company’s earnings per share also rose 38% to $7.14 in the second quarter. The financial results beat market expectations for the April-June period.
During an earnings call with investors, CEO Mark Zuckerberg mentioned AI as helping the company’s core business. “The strong performance this quarter is largely thanks to AI unlocking greater efficiency and gains across our ad system,” Zuckerberg said.
Meta said third quarter revenue would come in between $47.5 billion to $50.5 billion. The company has revised its 2025 capital expenditures forecast to a range of $66 billion to $72 billion, raising the lower end of its previous estimate of $64 billion to $72 billion.
Hiring-related pay will be “the second-largest driver of growth,” it said. “These factors will result in a 2026 year-over-year expense growth rate that is above the 2025 expense growth.”
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