业绩“炸裂”，小札发信畅谈超级智能、AI眼镜，Meta继续“豪赌”AI

Core Insights - Meta reported strong quarterly earnings, exceeding expectations across various metrics, and raised its capital expenditure guidance for the year, focusing on AI investments [1][3][10]. Financial Performance - Total revenue for the last quarter reached $47.516 billion, a 22% increase year-over-year, surpassing the upper guidance of $45.5 billion and consensus expectations of $44.834 billion [3][5]. - Net income was $18.337 billion, reflecting a 36% year-over-year growth, exceeding the consensus estimate of $15.166 billion [3][5]. - Earnings per share (EPS) stood at $7.14, a 38% increase from the previous year, significantly above the expected $5.89 [4][5]. Capital Expenditure - Capital expenditures, including principal payments on finance leases, totaled $17 billion, primarily for investments in servers, data centers, and network infrastructure, exceeding the consensus estimate of $16.36 billion [4][10]. - Meta has adjusted its full-year capital expenditure guidance to a range of $66 billion to $72 billion, up from the previous range of $64 billion to $72 billion, to support AI and business needs [10]. Revenue Breakdown - Advertising revenue was $46.563 billion, a 21% year-over-year increase (22% when adjusted for constant currency) [8][9]. - Other revenue reached $583 million, a 50% increase year-over-year, driven by growth in WhatsApp paid messaging services and the impact of the LLaMA series models on recommendation systems [8][9]. Future Outlook - For the third quarter, Meta anticipates total revenue between $47.5 billion and $50.5 billion, exceeding the expected $46.15 billion [10]. - The company expects a positive impact of approximately 1% from foreign exchange factors on year-over-year revenue growth [10]. AI Strategy - CEO Mark Zuckerberg emphasized the significant advancements AI is bringing to Meta's advertising business on platforms like Facebook and Instagram [10]. - The company is focused on developing personal superintelligence, aiming to empower individuals and enhance their ability to improve the world [11][12][18].