Meta Q2 2024 Impressive Growth and Future Prospects
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Meta has just released their Q2 2024 earnings report, showcasing strong growth and strategic advancements. In this video, we break down the key highlights and market reactions. • Key Highlights: • Revenues: $39.07 billion, up 22% • Net income up 73%, EPS at $5.16 • Core advertising business grew by 22% • Reality Labs reported $353 million • Following the report, Meta's stock surged by 7% in after-hours trading. Looking ahead, Meta plans to expand in the metaverse and enhance its AI capabilities, with Q3 revenue expected to grow by 2.5% to 8%. • #Meta #EarningsReport #Finance #Investing #StockMarket #AI #Metaverse #TechNews
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