Meta Platforms (NASDAQ:META) delivered a standout quarter, still showing user growth, exceeding revenue expectations, and smashing EPS estimates. CEO Mark Zuckerberg outlined a clear, AI-driven vision, emphasizing its role in enhancing user experience and engineering. While not initially planned as a service, AI could evolve into a multi-billion-dollar revenue stream.
The only concerns were the lighter Q1 FY25 revenue guidance and Reality Labs’ losses continue to grow. For more details, key highlights, and commentary, check out the high-level earnings summary.
