Meta shares rise on stronger than expected revenue for the quarter

The Facebook Group Meta has started the new year with good figures. Investments in data centers are now to be significantly increased.

With their AI applications, Facebook's mother, Meta, is entering full-fledged sales. Advertising revenues are so plentiful that the customs fears weigh less heavily. After a 35 percent profit jump, the share is growing at a later stage.

The technological giant Meta reported much higher quarterly profits than expected on Wednesday, putting aside the market's concerns that its strong investments in cloud computing and artificial intelligence technology (AI) would slow its growth.The US company reported profits of $16.6 billion in the first quarter of the year, with revenues of $42.3 billion, and a commercial investment in advertising that remained solid.The actions of the social …

Meta quarterly profit climbs despite big cloud spending

Tech giant Meta reported quarterly profits well above expectations Wednesday, brushing aside market worries that its heavy investments in cloud computing and artificial intelligence would hamper growth.

Facebook and Instagram's parent company posted a net profit of $16.6 billion, up 34% over a year.

Meta quarterly revenue beats estimates on advertising stability

Meta Platforms Inc. posted first-quarter sales that beat Wall Street estimates, a sign that the company’s advertising business is so far weathering the Trump administration’s ongoing trade war.