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Meta Platforms Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance — 'Meta AI Is On Track To Be The Most Used AI Assistant In The World'
Meta Platforms Inc (NASDAQ:META) reported financial results for the second quarter after market close on Wednesday. Here’s a look at the key metrics from the quarter.
Q2 Earnings: Meta reported second-quarter revenue of $39.07 billion, beating analyst estimates of $38.31 billion. The company reported second-quarter adjusted earnings of $5.16 per share, beating analyst estimates of $4.73 per share.
Meta has now beat analyst estimates on the top and bottom lines in six consecutive quarters, according to Benzinga Pro.
Total revenues were up 22% on a year-over-year basis. Family daily active people were up 7% year-over-year to 3.27 billion. Ad impressions and average price per ad both jumped 10% year-over-year.
Costs and expenses came in at $24.22 billion, up 7% year-over-year. Capital expenditures came in at $8.47 billion. The company ended ...