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Meta reported mixed quarterly results, with revenue of $56.3bn, up 33% y-o-y.
Meta raised its annual capex forecast to $125–145bn, citing higher component costs and data center expansion.
KEY POINTS
- Quarterly capex was $19.84bn, below expectations despite the increase in the annual target.
- Daily active users reached 3.56 billion, missing analyst expectations by 60 million.
- Meta invested $14.3bn in Scale AI and launched the Muse Spark model via Meta Superintelligence Labs.
COMPANIES
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