Meta CEO Mark Zuckerberg said global time spent on Instagram grew by double digits year over year in the second quarter, driven by AI-powered improvements to feed and Reels recommendations. The compan…
Meta reported $60.80 billion in second-quarter revenue on July 29, up 28% year over year, as ad impressions rose 14% and average price per ad increased 12%. The company also said 9 million small busin…
Meta's free cash flow plummeted to $784 million in the latest quarter, down from $8.55 billion a year earlier, as the company's massive AI spending weighed on its finances. CEO Mark Zuckerberg defende…
Meta shares fell as much as 10% in after-hours trading Wednesday after the company reported a 55% surge in costs, operating income down 8%, net income down 14%, and free cash flow of just $784 million…
Meta CEO Mark Zuckerberg is betting heavily on an AI-driven future, announcing on Wednesday's earnings call that the company lost over $4.6 billion in its Reality Labs sector in the second quarter. Zu…
Meta's stock tumbled 10% after it disclosed capital expenditure growth far outpacing revenue growth, with 98% of revenue still coming from its traditional ads business. EMARKETER senior analyst Minda …
Meta's Q2 revenue rose 28% to $60.4 billion, but expenses surged 55% to $42 billion due to $1.2 billion in severance from laying off 8,000 employees, $2.4 billion in legal costs, and rising AI expense…
Meta's free cash flow plunged 91% year-over-year to $784 million in the second quarter of 2026 as capital expenditures on AI infrastructure surged 83% to $31.08 billion, nearly wiping out the company'…
Meta founder and CEO Mark Zuckerberg predicted on Wednesday's quarterly earnings call that billions of people will have personal AI agents within five years, citing uses for finances, health, relation…
Meta Platforms said Wednesday that its artificial intelligence investment of up to $145 billion this year is already boosting its advertising business, even as heavy spending slashed free cash flow to…
Meta Platforms reported a 91% drop in second-quarter free cash flow to $784 million, down from $8.55 billion a year earlier, sending shares down 10% in extended trading as CEO Mark Zuckerberg's AI spe…
Meta Platforms Inc.’s shares fell more than 8% in after-hours trading after the company reported a 14% drop in net income to $15.85 billion for its fiscal 2026 second quarter, as costs rose 55% and ca…
Meta Platforms gave a disappointing revenue forecast of US$61 billion to US$64 billion for the third quarter, with the mid line below the average analyst estimate of US$63.2 billion, intensifying inve…
Meta CEO Mark Zuckerberg told investors on Wednesday's second-quarter earnings call that the company's enterprise AI opportunity extends beyond agents to include APIs, business agents, potentially sel…
Meta CEO Mark Zuckerberg told investors on July 29, 2026, that personal AI agents will be "the foundation for our next wave of products and revenue lines" as the company reported second-quarter result…
Meta CEO Mark Zuckerberg launched a PR campaign to boost public optimism about AI, including an ad set to a David Bowie song and a Wall Street Journal op-ed, but the effort faces skepticism amid wides…
Meta shares fell more than 15% after the company reported disappointing revenue projections and rising costs, as CEO Mark Zuckerberg defended his strategy of investing heavily in AI 'agents'—personali…
Meta CEO Mark Zuckerberg said on the company's July 29 earnings call that Meta plans personal AI agents that can work continuously on users' behalf and must function without specialist setup, though n…
Meta CEO Mark Zuckerberg announced on the company's Q2 2026 earnings call that Meta is planning a major push into personal AI agents that can work 24/7 on users' behalf to help with goals in health, r…
Meta shares fell 11% on Wednesday after the company reported a 14% drop in quarterly profit to $6bn despite 28% revenue growth to $61bn, as investors balked at plans to spend $130bn to $145bn this yea…