Meta shares fell Thursday after the company offered cautious comments about the impact of the ongoing Israel-Hamas war.
Meta shares fell Thursday, a day after the company released strong third-quarter results but offered cautious comments about the impact of the ongoing Israel-Hamas war.
"We have observed softer ads in the beginning of the fourth quarter, correlating with the start of the conflict, which is captured in our Q4 revenue outlook," Li said during the call with analysts. Despite the slowing brand advertising demand, the Evercore analysts said a lot is "working" at Meta. They said AI is driving engagement, and the company's "year of efficiency" mantra is extending into years of efficiency.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meta widens revenue guidance range because of Middle East unpredictabilityMeta finance chief Susan Li told analysts on the company’s earnings call that volatility in the Middle East is creating some revenue uncertainty
Read more »
Meta widens revenue guidance range because of Middle East unpredictabilityMeta finance chief Susan Li told analysts on the company’s earnings call that volatility in the Middle East is creating some revenue uncertainty
Read more »
Facebook says Middle East war is hurting ad spending, and Meta's stock fallsLike Snap a day earlier, Meta warned of ‘softer ad spend’ following outbreak of Israel-Hamas conflict
Read more »
Meta shares dip following cautious commentary about unrest in the Middle EastMeta shares fell Thursday after the company offered cautious comments about the impact of the ongoing Israel-Hamas war.
Read more »
Here are Thursday's biggest analyst calls: Meta, Apple, Microsoft, Live Nation, Adobe, Disney & moreHere are Thursday's biggest calls on Wall Street.
Read more »
The Middle East Crisis Is Stirring Up A 'Tsunami' Of Mental Health WoesThe Israel-Gaza conflict is likely to leave people in the region struggling with trauma-related mental health symptoms for a long time to come.
Read more »