Meta's quarterly results exceeded expectations, with record revenue of $40.5 billion, showcasing a 19% annual growth, driven largely by its advertising revenue.
CFO Susan Li noted that Meta expects continued momentum, projecting revenue between $45 billion and $48 billion for the current quarter due to its strong ad sales.
Despite impressive revenue, investor concerns grew over Meta's increasing A.I. investments, as the overall capital expenditures reached $9.2 billion, challenging existing profit margins.
Mark Zuckerberg highlighted the transformational phase for the industry, stating, 'This might be the most dynamic moment I've seen in our industry,' reflecting the vast potential of A.I.
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