Meta Q2 Revenue Surges 28% to $60.8B, But Q3 Guidance Misses Expectations

Meta posted $60.8B Q2 revenue, up 28% YoY, yet net profit fell 14% and Q3 outlook disappointed, triggering a >10% after-hours stock drop amid high costs.

Woofun AI reports that Meta Platforms delivered $60.8 billion in second-quarter revenue, representing a 28% year-on-year increase and slightly surpassing the $60.3 billion market consensus. Advertising revenue reached $59.36 billion, driven by a 14% rise in impressions and a 12% increase in average prices.

However, net profit declined 14% to $15.85 billion, while operating profit dropped 8% to $18.78 billion as total expenses surged 55% to $42 billion, including significant legal and restructuring costs.

The company provided a third-quarter revenue guidance range of $61 billion to $64 billion, with a midpoint below the expected $63.2 billion. Full-year capital expenditure guidance was adjusted to $130 billion–$145 billion, and free cash flow contracted to $784 million, nearing a four-year low. Following the release, Meta’s shares fell more than 10% in after-hours trading.