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Analysts cheered Meta’s results, pointing to improved ad targeting, increased Reels monetization and a payoff from cost-cutting efforts.
Meta achieved its best quarter since 2021, but its metaverse endeavors continue to result in substantial financial losses.
Analysts cheered Meta’s results, pointing to improved ad targeting, increased Reels monetization and a payoff from cost-cutting efforts.
Meta's Reality Labs, the division behind the company's metaverse ambitions, among other things, lost $13.7 billion across the second quarter of 2023, generating just $276 million in...
The company exceeded expectations on revenue, reporting a quarterly figure of about $32 billion.