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Meta Blows Past Q1 Expectations, Ups Capex Target for Full-Year 2025
Meta isn't forecasting a slowdown in business at this point, handily topping Wall Street expectations for Q1 2025 and issuing Q2 guidance within analyst forecasts.
“We’ve had a strong start to an important year, our community continues to grow and our business is performing very well,” Meta chairman and CEO Mark Zuckerberg said in prepared remarks with the company’s earnings report. The higher capex reflects “additional data center investments to support our artificial intelligence efforts as well as an increase in the expected cost of infrastructure hardware.” Snapchat parent Snap did not issue formal Q2 financial guidance citing “uncertainty” about the market and said its ad sales have “experienced headwinds” so far in the month of April.
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