Meta Platforms predicted income for the third quarter very over the expectations of Wall Streetand raised the lower end of its forecast of capital expenses for the year, what it did shoot their shares by 11.2% in negotiations after regular market closure.
For the third quarter, Meta said he waited for some total income between 47,500 and 50,500 million dollars, Faced with the average estimate of analysts of 46,170 million dollars, according to data collected by LSE.
The company pointed out in a statement that its forecasts for the third quarter were based on a 1% benefit derived from the weakness of the dollar.
Goal argued that, although it did not provide a forecast for the revenue of the fourth quarter, I expected the year -on -year growth rate in the period to be slower than in the third quarter.
The giant of social networks raised in 2,000 million dollars the lower limit of its annual forecast of capital expenses, driven by its strong Bet on “superintelligence” in the heated career of AI.
The matrix of Facebook and Instagram Hop now that capital expenses are They place between 66,000 and 72,000 million dollars.
The training and deployment of advanced systems of AI remains a task that requires a lot of capital, expensive hardware, huge computer resources and top -level engineering talent.
After the dazzuling of his model call 4, which caused the output of employees, Meta has tried to revitalize its commitment to the AI triggering a war of talents that has led him to pay more than 100 million dollars to researchers from rival signatures.
Its executive president promised 14.3 billion dollars per A participation in the startup Scale AI and have signed its billionaire CEO, Alexandr Wang, 28.
To finance this impulse, Zuckerberg relies on the Huge finishing user baseas well as in the improvements promoted by AI in the collection of content, which make it a stable commitment to advertisers even in times of economic uncertainty.
Recently, the social networks giant introduced a video advertisement tool to Video promoted by AI in its Advantage+package, which allows advertisers to generate video ads from static images.
Instagram, whose reels product competes with Tiktok, by bytedance, and YouTube Shorts for advertising income in the popular short video format, It will represent more than half of the target advertising in the United States this year, according to the EMARKETER investigation firm.
Goal also accelerated its efforts to monetize its social media platforms WhatsApp and Threads by integration of ads. Last month, the company appointed Connor Hayes as director of Threads, a sign that he was moving away the Instagram shadow platform after relying on the application to share photos to grow.
Source: Ambito
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