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. Despite the slowing brand advertising demand, the Evercore analysts said a lot is "working" at Meta. They said AI is driving engagement, and the company's "year of efficiency" mantra is extending into years of efficiency.
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