Meta Platforms (META)'s first-quarter results beat analyst expectations, with adjusted earnings per share of $4.71 and revenue of $36.46 billion. Meta shares plunged more than 10% after the market closed on Wednesday, and many experts attribute the reaction to the social media giant's second-quarter outlook.
Roth MKM Managing Director and Senior Research Analyst Rohit Kulkarni appointed Extended time of market dominance We talk about what could be Meta's next big revenue driver, highlighting the tech company's progress in generative AI compared to Magnificent Seven's other competitors.
“The reason I say that is because we have re-created the entire ad stack with about 10 to 15 million customers who are advertisers, the scale of the improvement that those advertisers will get from Gen AI improvements is amplified. That's what's going to continue.'' It helps with the fundamentals,'' Kulkarni explains.
Kulkarni goes on to discuss Meta's social media opportunities if TikTok's parent company ByteDance does not comply with the US legislative ultimatum signed by President Biden today.
For more expert insights and the latest market trends, click here to watch the full episode of Market Domination Overtime.
This post was written by luke carberry morgan.
