Meta stock surges after Q2 results blow past expectations despite heavy AI spending -

đź’¨ Abstract

Meta reported stronger-than-expected second-quarter results, with earnings of $18.34 billion, a 36% increase from the same period last year. Revenue rose 22% to $47.52 billion, surpassing analyst expectations. The company's shares surged over 9% after-hours.

Courtesy: WTOP Staff