Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter

Meta's earnings come after disappointing results posted by fellow tech industry powerhouses

The Facebook and Instagram parent company said revenue rose 22% to $39.1bn (€36.1bn) for the April to June period.

Meta Platforms beat market expectations for second-quarter revenue on Wednesday and issued a rosy sales forecast for the third quarter as well, signaling that robust digital-ad spending on its social media platforms can cover the cost of its artificial-intelligence investments.

Shares of the company rose 8% after the bell.