A view of Google Headquarters in Mountain View, California, United States on March 23, 2024. Tayfun Coskun | Anadolu | Getty Images Advertising is so back. After a brutal 2022, when brands reeled in spending to cope with inflation, and a 2023 defined by layoffs and cost cuts, the top digital advertising companies have started … Read more
Meta Platforms CEO Mark Zuckerberg speaks about the Facebook News feature at the Paley Center For Media in New York on Oct. 25, 2019. Drew Angerer | Getty Images News | Getty Images Mark Zuckerberg’s net worth plunged by $18 billion Thursday after comments from the Meta CEO on the company’s earnings call sent its … Read more
Alphabet went into its earnings report on Thursday facing concerns about the growth of its core Google ads business and the company’s ability to generate profits from its hefty investments in artificial intelligence. For the time being at least, the company put Wall Street’s fears to rest. Alphabet topped analysts’ estimates, reporting revenue growth of … Read more
Meta shares tumbled 11% Thursday afternoon, on pace for their worst day since October 2022, after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat. The stock was trading at about $438 at 2:30 p.m. ET, wiping out roughly $141 billion in market cap from its $493.5 closing price before earnings on … Read more
Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Yves Herman | Reuters Alphabet will report first-quarter earnings after the bell Thursday. Here is what analysts are expecting. Earnings per share: $1.51, according to LSEG. Revenue: $78.59 billion, according to LSEG. YouTube … Read more
Meta Platforms on Wednesday evening delivered a solid quarter with sales, operating income, earnings, and cash flow all exceeding expectations on the back of a solid increase in engagement. The stock, however, dropped sharply in after-hours trading following some guidance concerns. Revenue in the three months ended March 31 rose 27% year over year to … Read more
Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. Alex Wong | Getty Images Mark Zuckerberg started Meta‘s earnings call by talking about artificial intelligence. Then he moved onto the metaverse, touting his company’s headsets, glasses and operating system. He spent … Read more
Meta (formerly called Facebook) pretty much ignored the social media elephant in the room today on a post-earnings conference call, with chief financial officer Susan Li saying it’s too early to discuss what just happened in Washington, D.C. President Biden has signed into law a bill that would force TikTok’s Chinese parent company to divest … Read more
Meta shares plunged 16% in extended trading on Wednesday after the company issued a light forecast, which overshadowed better-than-expected first-quarter results. Here are the key numbers: Earnings per share: $4.71 per share vs. $4.32 per share expected by LSEG Revenue: $36.46 billion vs. $36.16 billion expected by LSEG Revenue increased 27% from $28.65 billion in … Read more
Facebook co-founder and chief executive, Mark Zuckerberg, speaks at an Oculus developers conference while wearing a virtual reality headset in San Jose, California. Glen Chapman | AFP | Getty Images Meta shows no signs of substantially trimming its losses from investing in the metaverse, as competition heightens between the Facebook parent and Apple in the … Read more
