Meta quarterly profit climbs to US$16.6b despite big cloud spending

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SAN FRANCISCO, May 1 — Tech giant Meta on Wednesday reported quarterly profits that were well above expectations, brushi...

Analysts are keen to see whether the hefty US tariffs will prompt businesses to cut their online advertising budgets, thereby weakening Meta’s main source of revenue.

Meta this week unveiled its first standalone AI assistant app, challenging ChatGPT by giving users a direct path to its generative AI models.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Internet Meta Earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 09:56:22 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 608 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 28306548

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