theguardian_business

Meta misses earnings forecasts after Zuckerberg media push to promote AI

📰 source: theguardian_business · 💼 business

meta missed q2 earnings expectations, with eps of $6.18 vs the $7.14 analysts wanted. revenue came in at $60.8bn, just above estimates, but the stock fell 8% after hours. the company raised its expense outlook to $165bn-$169bn and bumped 2026 capex to $130bn-$145bn, much of it for ai. legal charges of $2.4bn added to the costs.

mark zuckerberg went on a media blitz before earnings, writing an op-ed and giving interviews about ai bringing 'personalized super-intelligence.' he argued for decentralizing ai, but the message didn't cushion the earnings miss. meta still faces thousands of lawsuits over addictive products harming kids, with states and families seeking damages. the company is also trying to catch up in ai, planning a cloud business to sell compute, but analysts say trust issues and regulatory risks are piling up.

why it matters: meta's ai spending justification fails as earnings miss and legal costs mount, putting pressure on its growth strategy.

source: theguardian_business
sentiment: -0.70 · impact: 0.80

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'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

These charts show why stocks keep rallying. Profit margins are the highest on record

Workday shares post best day in 10 years on Silver Lake takeover report

Trade court upholds Trump's closure of 'de minimis' loophole