Meta's Q2 revenue guidance and implied deceleration will be key, says Goldman's Eric Sheridan
by CNBC
CNBC— Goldman Sachs' Eric Sheridan joins 'Money Movers' to discuss what the overriding dynamic will be from Meta's quarterly earnings results, how Meta could further benefit from TikTok's forced sale, and more.
The Guardian—Meta says revenue will be weak as it spends even more on AI. Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecastMeta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a row. The company plans to spend even more on AI in the coming months, though, and its share price slumped more than 15% as the company reported earnings Wednesday. A weak sales forecast and higher spending guidance rattled investors.Mark Zuckerberg said his...
MediaNama—It will take a multi-year investment cycle before Meta’s AI offerings become profitable: Insights from Meta’s Earnings Call. Zuckerberg expressed confidence in monetizing AI through methods like ads and paid access to larger models, leveraging Meta's successful history with scaled technologies.
TechRadar—Meta’s massive OS announcement is more exciting than a Meta Quest 4 reveal, and VR will never be the same again. The surprise Meta Horizon OS announcement sets it up as VR’s Windows – and that’s both a great and terrible thing.