Key Takeaways
\nMeta is set to release its third-quarter earnings report after the closing bell today, with Wall Street analysts widely bullish on the social media giant’s stock heading into the results.\u00a0Meta is seen reporting record revenues on gains in its ad businesses, and investors will be eager to hear updates on the company’s AI plans.<\/p>\n
Meta is set to release its third-quarter earnings<\/a> report after the closing bell Wednesday, with investors likely to be watching closely for more signs that its AI spending is paying off.\n<\/p>\n Compared to many of its big tech peers\u2014some of which are also set to report this week<\/a>\u2014Meta Platforms (META<\/a>) has been relatively successful in convincing investors to back its AI goals so far, though their continued support could depend on the company’s ability to show strong revenue gains in tonight’s report.\n<\/p>\n The Facebook, Instagram, and WhatsApp owner is seen reporting earning of $6.70 per share on record revenue of $49.55 billion, boosted by gains in its ad businesses, thanks in part to AI-driven improvements in its offerings for advertisers.\n<\/p>\n Why This Matters to Investors<\/p>\n Wednesday’s earnings report represent Meta’s next big test to show it’s made the revenue gains to justify its big spending to build out AI capacity.<\/p>\n