Meta revenue up 28%, margins 31%, Q2 capex doubled
Meta reported revenue +28% and margins of 31%, alongside a doubling of Q2 capex to $31.1B, with ongoing AI and data-center spending and discussion of AI monetization plans. The recap also cites higher costs, legal settlements and EU rule risks weighing on margins.
6B lease. Ad revenue is still growing, but higher costs, legal settlements and EU rule risks are weighing on margins. Meta is also rolling out subscriptions and plans to monetize AI.