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Meta reports second-quarter results, investors seek clarity on diversification
The company cited ongoing strength in online advertising, while the market focus is on how Meta will diversify beyond current ad growth.
Meta posted its second-quarter results after the market close, according to CNBC Markets, with investors continuing to weigh the durability of the company’s online advertising growth.
CNBC Earnings said Meta is still seeing healthy growth from online ads, but the outlook for the stock depends in part on additional clarity about the company’s plans to diversify its business.
Across CNBC coverage, the central theme is that while current advertising performance remains solid, shareholders are looking for more detail on how Meta intends to broaden its revenue mix.