TradingKey – Meta begins the month of September around $610.80, breaking above the descending trendline and the former $591.38 resistance. The technical structure has improved considerably. The fundamentals continue to be strong. Revenue is up 28% YoY, ad impressions are up 14% and the average price for an ad is up 12%. The trade-off is clear. Meta is focusing on building their AI infrastructure, and as a result free cash flow for Q2 was only $784 million, down from last year.
Q2 Advertising Growth Remains Exceptional
Meta earned $60.80 billion in Q2 revenue, a 28% YoY increase. Family daily active users increased to 3.60 billion. Ad impressions for Family of Apps increased by 14% and the average ad price increased 12% as well.
This growth…
