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      • Meta Platforms has a low three-year median payout ratio of 2.8%, meaning that the company retains the remaining 97% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.
      finance.yahoo.com/news/meta-platforms-inc-nasdaq-meta-130016579.html
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  2. Jul 31, 2024 · Net income at Meta — whose platforms include Facebook, Instagram and WhatsApp — rose 73 per cent to $13.5bn, above consensus expectations of an increase to $12.3bn, according to data from S&P ...

  3. Jul 31, 2024 · SAN FRANCISCO (AP) — Investments in artificial intelligence will account for a significant increase in Facebook parent company Meta’s expenses in the coming year, but stronger-than-expected revenue from its advertising business was enough to reassure investors that its business is on the right track. Meta Platforms Inc. reported stronger ...

  4. Jul 31, 2024 · Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2024. "We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year," said Mark Zuckerberg, Meta founder and CEO. "We've released the first frontier-level open source AI model, we continue to see good traction with our Ray-Ban Meta AI ...

  5. Meta Platforms Inc. tripled its profit and posted sharply higher revenue in the final quarter of 2023, boosted by a rebound in digital advertising as well cost cutting and layoffs in what CEO Mark Zuckerberg called the “year of efficiency.”

    • bortutay@ap.org
  6. Jul 31, 2024 · Profit was $13.5 billion, up 73 percent from $7.8 billion a year earlier. ... Meta also signaled that its ad business remained strong. The company said it expected revenue of $38.5 billion to $41 ...

  7. Aug 1, 2024 · Meta Platforms stock is sizzling Thursday after the Facebook parent's Q2 earnings beat. Here's what you need to know.

  8. Jul 26, 2024 · Despite heavy investments in Reality Labs, Meta Platforms has improved profit margins and increased share buybacks, which has been fuel for its rising share price.

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