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.Evercore analysts said"the BIG negative" from the call was that brand advertising demand has slowed as a result of the war.
Analysts at Morgan Stanley said, while Meta has seen some pause in branded advertising, they believe the company has been less impacted than others. They said Meta's AI investments and its increasing engagement on Reels remind them of when the company was first growing its Facebook and Instagram platforms.
United States Latest News, United States 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 »
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 »