{"id":118793,"date":"2024-08-01T15:43:39","date_gmt":"2024-08-01T13:43:39","guid":{"rendered":"https:\/\/prohoster.info\/blog\/novosti-interneta\/otchyot-ma-dal-nadezhdu-chto-gigantskie-traty-bigtehov-na-ii-opravdayutsya"},"modified":"2024-08-01T15:43:39","modified_gmt":"2024-08-01T13:43:39","slug":"otchyot-ma-dal-nadezhdu-chto-gigantskie-traty-bigtehov-na-ii-opravdayutsya","status":"publish","type":"post","link":"https:\/\/prohoster.info\/en\/blog\/news\/otchyot-ma-dal-nadezhdu-chto-gigantskie-traty-bigtehov-na-ii-opravdayutsya","title":{"rendered":"The report from M**a gave hope that the huge spending of big tech companies on AI will pay off","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

Meta\u2734<\/a><\/noindex> published a report indicating that its financial performance for Q2 2024 exceeded analysts' estimates. Revenue, income, and the company's forecast for the upcoming quarter were all higher than expected.<\/p>\n

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Meta's Revenue\u2734<\/a><\/noindex> In the second quarter of 2024, revenue reached $39.07 billion, compared to analysts' expectations of $38.31 billion, representing a 22% year-over-year growth \u2014 this marks the fourth consecutive quarter that the company has demonstrated revenue growth of over 20%. The company's profit was $13.47 billion or $5.16 per share, while analysts predicted $4.73 per share \u2014 reflecting a growth of 73%: in the second quarter of last year, Meta's profit was $7.79 billion or $2.98 per share.\u2734<\/a><\/noindex> According to the company's own forecast, revenue in the third quarter is expected to range from $38.5 billion to $41 billion (averaging $39.75) \u2014 analysts anticipated a forecast around $39.1 billion.<\/p>\n

Meta's Positive Results\u2734<\/a><\/noindex> indicate that it continues to gain market share in digital advertising, which constitutes the core of the company\u2019s business. Advertising revenue, primarily generated from Facebook\u2734<\/a><\/noindex> and Instagram\u2734<\/a><\/noindex>, showed a 22% year-over-year growth. Last week, Alphabet reported<\/a><\/noindex> reported an 11% increase in Google\u2019s advertising sales, while YouTube did not meet analysts\u2019 expectations. <\/p>\n

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Meta's Costs\u2734<\/a><\/noindex> In the second quarter, the figure reached $24.2 billion \u2014 this also included settlement<\/a><\/noindex> of the Texas case regarding the unauthorized use of facial recognition data, which cost the company $1.4 billion. Capital expenditures for Q2 were $8.47 billion, which is lower than the analysts' expectations of $9.51 billion. Meta\u2734<\/a><\/noindex> maintained its forecast for expenses in 2024 at $96\u201399 billion; the capital expenditure forecast of $35 billion has been raised to a range of $37\u201340 billion. The number of daily active people (DAP), meaning users who opened at least one of the company's apps, reached 3.27 billion, which aligns with analysts' estimates.<\/p>\n

\"The <\/p>\n

The social media giant continues to implement the program<\/a><\/noindex> on cost-cutting announced back in late 2022. A total of about 21,000 jobs were eliminated over several rounds of layoffs. Operating income rose by 58% year-over-year, reaching $14.9 billion; the operating margin increased from 29% to 38% during the same period. The workforce decreased by 1% year-on-year, totaling 70,799 employees as of June 30.<\/p>\n

At the same time, Meta\u2734<\/a><\/noindex> continues to invest significantly in advanced technologies such as artificial intelligence and virtual reality \u2014 essential for building the metaverse. The company is investing in data centers and computing resources to counter competitors. A significant increase in capital expenditures is expected in 2025 due to investments in supporting research and product development.<\/p>\n

By the end of the year, Meta\u2734<\/a><\/noindex>, according to its CEO Mark Zuckerberg, will have 350,000 advanced Nvidia H100 AI system accelerators or 600,000 if including equipment from other models and manufacturers. Recently, the company presented a major update<\/a><\/noindex> large language models Llama 3.1 \u2014 the most powerful has 405 billion parameters. Since the beginning of the year, Meta's shares\u2734<\/a><\/noindex> have demonstrated a 34% growth; after the report was published, they gained an additional 6.9%.<\/p>\n

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