Meta Grows Revenue 26% Despite Massive Muse Operating Costs
Despite spending billions in lawsuits and high Muse operating costs, Meta’s third quarter earnings still showed significant growth.
Despite spending billions in lawsuits and high Muse operating costs, Meta’s third quarter earnings still showed significant growth.
A combination of layoffs, lawsuits and AI operating costs set back Meta’s Q2 earnings, despite increased revenue.
Meta’s Q1 call sounded like an AI and hardware pitch, but under the hood it was still about one thing: investing in AI to squeeze more money out of its ads business.
Meta is channeling its booming ad revenue into a $135 billion AI drive to power its “personal superintelligence” future.
Meta is profiting from fraudulent ads; LLMs are taking advantage of SaaS pricing policies; and agencies aren’t going under… yet.
Meta’s Q3 earnings saw increased growth in its ad business and continued the conversation on superintelligence.