Meta CEO Mark Zuckerberg holds a smartphone, as he makes a keynote speech on the Meta Join annual occasion, on the firm’s headquarters in Menlo Park, California, U.S. September 25, 2024.
Manuel Orbegozo | Reuters
Meta shares jumped 10% after the corporate reported second-quarter earnings on Wednesday that beat on income. Here is how the corporate did, in contrast with estimates from analysts polled by LSEG:
- Earnings per share: $7.14 vs. $5.92 anticipated
- Income: $47.52 vs. $44.80 billion anticipated
Meta stated that third-quarter gross sales will come within the vary $47.5 billion to $50.5 billion, forward of Wall Avenue estimates of $46.14 billion.
The corporate stated that capital expenditures will are available between $66 billion and $72 billion, elevating the low finish of the corporate’s earlier estimate of $64 billion and $72 billion.
The corporate stated that compensation associated to hiring shall be “the second largest driver of development” and that “these elements will lead to a 2026 year-over-year expense development fee that’s above the 2025 expense development.”
Meta’s Actuality Labs unit, tasked with growing digital actuality and augmented actuality applied sciences, recorded an working lack of $4.53 billion on $370 million in gross sales through the second quarter. These losses had been lower than Wall Avenue estimates.
The corporate stated that day by day lively individuals for its household of apps grew 6% year-over-year to three.48 billion throughout June 2025.
Meta’s complete prices and bills for the second quarter had been $27.07 billion, which was a 12% year-over-year enhance.
The social media firm’s complete bills for 2025 will fall within the vary of $114 billion to $118 billion, which is larger than its prior outlook of $113 billion to $118 billion.
Meta’s promoting income for the second quarter got here in at $46.56 billion, forward of Wall Avenue projections of $43.97 billion, per StreetAccount.
That is breaking information. Please examine again for updates.
