Meta Just Crushed Earnings. Is It a Better Buy Than Alphabet?

Meta Platforms' (NASDAQ: META) hot streak continued on Wednesday after the social media giant delivered another blowout earnings report for the second quarter. The stock jumped double digits after hours, and Meta was on track to set a new all-time high on Thursday.Revenue jumped 22% to $47.5 billion, which easily beat estimates at $44.8 billion. Revenue growth was driven by a balanced mix of growth in users, up 6%, ad impressions, up 11%, and price per ad, which rose 9%.Those results show its ad business is firing on all cylinders, and CEO Mark Zuckerberg credited its artificial intelligence (AI) investments for the improvements, noting that its AI-powered recommendation model helped drive 5% more ad conversions on Instagram and 3% more on Facebook. The improved ad performance helped lead to the growth in price per ad, showing that Meta's AI investments in advertising are paying off.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool