Meta Reports Mixed Q2 Results, Raises Low End of CapEx Guidance Range, Shares Move Lower
Meta Platforms Inc (NASDAQ: META ) posted financial results for the second quarter after the market close on Wednesday. Here’s a look at the key details from the report. Meta Platforms stock is trending. Where is META stock headed? Meta Q2 Earnings Highlights Meta reported second-quarter revenue of $60.80 billion, beating analyst estimates of $59.50 billion. The tech giant turned in second-quarter adjusted earnings of $6.18 per share, missing estimates of $7.13 per share, according to Pro. Total revenue was up 28% on a year-over-year basis. Family daily active people increased 3% year-over-year. Ad impressions jumped 14% year-over-year and average price per ad increased by 12% year-over-year. Meta noted its headcount was down 1% year-over-year to 75,472 as of June 30. Meta generated $31.86 billion in cash flow from operations and $784 million of free cash flow during the quarter...
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Meta Platforms Inc (NASDAQ: META ) posted financial results for the second quarter after the market close on Wednesday. Here’s a look at the key details from the report. Meta Platforms stock is trending. Where is META stock headed?
50 billion. 13 per share, according to Pro. Total revenue was up 28% on a year-over-year basis. Family daily active people increased 3% year-over-year.
Ad impressions jumped 14% year-over-year and average price per ad increased by 12% year-over-year. Meta noted its headcount was down 1% year-over-year to 75,472 as of June 30. 86 billion in cash flow from operations and $784 million of free cash flow during the quarter. 26 billion in cash, cash equivalents and marketable securities.
“AI is accelerating our core business today, powering our next generation of products, and opening the door to entirely new enterprise opportunities,” said Mark Zuckerberg, founder and CEO of Meta Platforms. 68 billion. Meta expects full-year 2026 expenses to be in the range of $165 billion to $169 billion, versus a prior forecast of $162 billion to $169 billion. The company anticipates full-year capital expenditures of $130 billion to $145 billion, versus prior guidance of $125 billion to $145 billion.
The company noted that it’s monitoring regulatory matters that could impact its business and financial results. , which may ultimately result in a material loss,” Meta said in the release. m. ET.
A link to the call has been provided below. 06% in after-hours, trading at $556 at the time of publication on Wednesday, according to Pro. com