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Meta Platforms (NASDAQ: META) is on track to achieve nearly $200 billion in revenue for the year 2023. The company’s revenue growth accelerated to 22% in the most recent quarter ending June 30, 2023, bringing its total revenue over the last 12 months to $178 billion, ranking it 19th among U.S. public companies. Meta is set to release its next earnings report on October 29, 2023.
Meta is investing heavily in artificial intelligence (AI), with significant funds allocated toward AI hardware and recruiting top AI talent. These investments aim to strengthen its competitive edge in AI development, and the company’s current AI projects, including AI-generated advertising and AI-enabled glasses, are expected to further enhance its revenue growth.
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