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Ygal Arounian, Wedbush Managing Director of Internet Equity Research, reacts to the latest Meta earnings and highlights potential concerns on ROIC from investors with the company's various forays into the AI space. He speaks to Romaine Bostick and Emily Graffeo on Bloomberg's 'The Close.'
Microsoft Azure cloud-computing revenue increased 43% during the fiscal fourth quarter, above expectations of 40%.
U.S. equity futures were little changed on Wednesday as investors digested Microsoft, Meta and Qualcomm earnings and the Federal Reserve’s decision.
As Meta pours billions into AI infrastructure and agents, Zuckerberg is working to convince investors that the payoff will be worth the price.
On the company’s second-quarter earnings call Wednesday, CEO Mark Zuckerberg said Meta sees a “large enterprise opportunity” spanning AI agents, APIs, compute, and internal software.
Facebook-parent Meta reported profits on Wednesday that fell short of Wall Street expectations, as the cost of staying in the race to deploy artificial intelligence -- along with hefty legal and severance charges -- hurt its bottom line.At Meta, the profit decline was driven largely by one-time items, including $2.4 billion in charges tied to legal proceedings and $1.2 billion in severance from a round of layoffs in May.
An update on the company’s AI spending plans and the shrinking of free cash flow to less than $1 billion heightened scrutiny on the cost of its infrastructure build-out.
Meta Platforms said it expects Q3 revenue between $61 billion and $64 billion, or $62.5 billion at the middle of the range, below average analyst expectations of $63.24 billion.
One is pre-revenue with zero debt; the other generates $710 million in sales but burns cash faster.
Stock tumbles nearly 8% after weaker-than-expected results, despite CEO’s blitz to tout positive effects of AI
Telehealth platform disclosed users' "most private" health info and locked consumers into subscriptions, regulators allege.
The stock market sold off as oil prices surged on Trump's Iran threats. Microsoft, Meta and Fortinet were key earnings movers late.
Meta Platforms stock slid after the social media giant reported second-quarter earnings below expectations. The Facebook parent's sales forecast was below estimates as well, while its AI spending forecast was upped slightly. The Menlo Park, Calif.-based Meta earned $6.18 per share from sales of $60.8 billion for the June quarter, according to a company press release.
Investing.com -- Meta Platforms shares tumbled 8% in after-hours trading on Wednesday after the company posted a second-quarter earnings miss and forecast third-quarter revenue below Wall Street expectations.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) missed second-quarter profit estimates on Wednesday, weighed down by a jump in costs including legal charges, even as revenue grew faster than expected. The social media giant reported earnings per share of $6.18, down 13% year-over-year...
Microsoft and Meta reported ballooning AI costs on Wednesday, but Microsoft still managed to increase its profits, while Meta posted a sharp earnings decline.
Meta (META) reported second quarter results on Wednesday after the closing bell. Earnings per share (EPS) came in at $6.18 (compared to analyst estimates of $7.14), and revenue came in at $60.80 billion (compared to analyst estimates of $60.24 billion). Yahoo Finance Senior Business Reporter Ines Ferré takes a closer look at the breaking numbers.
The Facebook parent now expects 2026 capital expenditure to be between $130 billion and $145 billion, compared with its prior forecast of $125 billion to $145 billion. Meta said it now expects full-year 2026 total expenses to be in the range of $165 billion to $169 billion, compared with its prior forecast of $162 billion to $169 billion.
SK Hynix delivered a blockbuster earnings report on Wednesday, only to watch its stock crater. On Bloomberg Daybreak Europe, host Lizzy framed the paradox: “A sixfold surge in profits just isn’t enough. SK Hynix slumps as the chip giant says capital spending will rise around 50% this year.“ The Korean memory maker’s operating profit jumped ... SK Hynix’s Profits Explode 550%, but Its $31 Billion Spending Plan Sends Investors Running
Oracle's credit-default-swap cost substantially exceeds other AI-linked issuers as investors question returns from debt-funded infrastructure.
According to the suit, Hims & Hers shared lists of certain customers, and the actions of visitors on its website, with advertisers such as Meta and Snap, even though it claimed its service maintains consumers’ privacy.
(Updates with Hims' official statement in the third paragraph.) Hims & Hers Health (HIMS) is bein
Investors will assess whether Meta's advertising growth and AI-driven engagement can justify its expanding infrastructure investment.
Meta Platforms and BlackRock announced a partnership to develop a US$14b data center campus in Texas focused on AI infrastructure. The project is structured as Meta's largest external infrastructure collaboration to date and is intended to expand AI compute capacity. The data center campus is designed to support the training and deployment of Meta's AI models for its products and services. Meta Platforms, trading on NasdaqGS:META, is moving ahead with this large AI focused buildout while...
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