Financial performance in the third quarter
In the third quarter of 2024, Meta Platforms recorded sales of 40.6 billion dollars, an increase of 19% compared to the same period of the previous year. This result exceeded analysts’ expectations, who had expected an average revenue of 40.3 billion dollars. Despite this success, the company’s shares fell 2.8% in after-hours trading, suggesting that investors are concerned about capital spending plans and the number of active users, which was lower than
estimated.
Investment strategies and innovation
Mark Zuckerberg, CEO of Meta, said that the company will continue to invest in artificial intelligence and other emerging technologies, such as the metaverse and smart glasses. These investments are considered crucial for the future of the company, as Meta seeks to position itself as a leader in the technology sector. Capital spending, while raising concerns, is seen as a necessary step to ensure long-term growth and continuous innovation
.
Future Perspectives and Challenges
Looking to the future, Meta is facing several challenges, including increasing competition in the technology sector and concerns related to user privacy. However, the company has demonstrated remarkable resilience and an ongoing commitment to innovation. As investment in artificial intelligence increases, Meta hopes to develop new solutions that can attract more users and improve the overall experience on its platform. The ability to adapt and respond to market needs will be fundamental to Meta’s success in the coming years.
