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shares jumped as much as 10% after the company reported second-quarter earnings on Wednesday that beat on revenue. Here’s how the company did, compared with estimates from analysts polled by LSEG:
Meta’s second quarter sales grew 22% year over year, which was the same growth rate as a year ago.
The company’s advertising revenue for the second quarter came in at $46.56 billion, ahead of Wall Street projections of $43.97 billion.
Meta CEO Mark Zuckerberg pointed to AI as aiding the company’s core business during an earnings call with analysts.
