"We believe AI will revolutionize every part of the marketing value chain," said Google’s chief business officer, highlighting the transformative potential of generative AI in advertising.
Meta's sales rose 19% and profits increased 35% year-over-year, showcasing strong financial health despite after-hours stock drop due to expected AI spending.
Snap Inc. reported a 15% revenue growth primarily driven by innovations in AI and AR on its advertising platform, enhancing profitability.
Reddit's advertising income surged 55% year-over-year, marking a milestone of profitability, which was higher than analyst expectations for the second quarter.
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