{"id":839686,"date":"2024-08-01T09:56:16","date_gmt":"2024-08-01T04:26:16","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=839686"},"modified":"2024-08-01T10:03:19","modified_gmt":"2024-08-01T04:33:19","slug":"facebook-parent-meta-sees-strong-global-ad-sales-while-keeping-ai-costs-in-check-2","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/01\/facebook-parent-meta-sees-strong-global-ad-sales-while-keeping-ai-costs-in-check-2\/","title":{"rendered":"Facebook parent Meta sees strong global ad sales while keeping AI costs in check"},"content":{"rendered":"<p>Meta Platforms beat market expectations for second-quarter revenue on Wednesday and issued a rosy sales forecast for the third quarter, signalling 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 were up 6.8% after the bell.<\/p>\n<p>The Facebook and Instagram parent said it anticipates third-quarter revenue in the range of $38.5 billion to $41 billion, the midpoint of which is higher than analysts\u2019 estimates of $39.1 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, signalling that robust digital-ad spending on its social media platforms can cover the cost of its artificial intelligence investments. Shares of the company were up 6.8% after the bell. The Facebook and Instagram parent said it anticipates third-quarter revenue in the range of $38.5 billion to $41 billion, the midpoint of which is higher than analysts\u2019 estimates of $39.1 billion, according to LSEG data.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-839686","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839686","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=839686"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839686\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=839686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=839686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=839686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}