豪赌“超级智能” Meta业绩全面超预期

Core Insights - Meta reported strong Q2 financial results, with revenue of $47.52 billion, net profit of $18.34 billion, and earnings per share of $7.14, all exceeding analyst expectations [1] - The company's advertising revenue reached $46.56 billion, surpassing Wall Street's forecast of $43.97 billion [1] - Meta's stock surged by 11.5% in after-hours trading following the earnings announcement [1] Financial Performance - Q2 revenue was $47.52 billion, a 22% year-over-year increase, while net profit grew by 36% to $18.34 billion [1] - Earnings per share were reported at $7.14, significantly higher than the expected $5.92, marking a 38% year-over-year increase [1] - Q3 revenue guidance is projected between $47.5 billion and $50.5 billion, exceeding Wall Street's estimate of $46.14 billion [2] Future Outlook - Meta did not provide specific guidance for Q4 but indicated that year-over-year growth would be lower than in Q3 due to stronger growth anticipated in Q4 2024 [2] - The company plans to increase its annual capital expenditures to between $66 billion and $72 billion, up from previous estimates [2] - Meta's total spending for 2025 is projected to be between $114 billion and $118 billion [2] Strategic Initiatives - Meta's Reality Labs division reported sales of $370 million but incurred an operating loss of $4.53 billion, which was lower than Wall Street's expectations [1] - The company made a significant investment of $14.3 billion in Scale AI, marking a shift towards AI recruitment and development [2][3] - CEO Mark Zuckerberg outlined a vision for "personal superintelligence," emphasizing the use of advanced technology for personal empowerment rather than just automation [3] Management Perspective - Zuckerberg's aggressive approach to AI development reflects a strategic pivot from previous focuses, particularly the metaverse, which has not yielded expected results [4] - The establishment of a dedicated workspace for the "superintelligence lab" indicates a prioritization of AI initiatives within the company [3] - Meta's recent AI models, including Llama 4, have faced criticism for underperformance compared to competitors, highlighting challenges in the AI landscape [5]