{"id":839536,"date":"2024-08-01T09:29:02","date_gmt":"2024-08-01T03:59:02","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=839536"},"modified":"2024-08-01T09:29:02","modified_gmt":"2024-08-01T03:59:02","slug":"facebook-parent-meta-forecasts-upbeat-q3-revenue-after-strong-quarter","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/01\/facebook-parent-meta-forecasts-upbeat-q3-revenue-after-strong-quarter\/","title":{"rendered":"Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter"},"content":{"rendered":"<p>Meta Platforms beat market expectations for second-quarter revenue on Wednesday and issued a rosy sales forecast for the third quarter as well, signaling that robust digital-ad spending on its social media platforms can cover the cost of its artificial-intelligence investments.<\/p>\n<p>Shares of the company rose 8% after the bell.<\/p>\n<p>The Facebook and Instagram parent company said revenue rose 22% to $39.1 billion for the April to June period. Analysts had expected revenue of $38.3 billion, according to LSEG data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta Platforms beat market expectations for second-quarter revenue on Wednesday and issued a rosy sales forecast for the third quarter as well, signaling that robust digital-ad spending on its social media platforms can cover the cost of its artificial-intelligence investments. Shares of the company rose 8% after the bell. The Facebook and Instagram parent company said revenue rose 22% to $39.1 billion for the April to June period. Analysts had expected revenue of $38.3 billion, according to LSEG data.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-839536","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=839536"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839536\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=839536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=839536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=839536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}