Meta Platforms (META) posted better-than-expected second quarter results. The social media giant reported earnings of $5.16 per share versus an estimate of $4.72. Revenue of $39.07 billion topped the $38.43 billion estimate, with ad revenue also exceeding analyst expectations.
For Q3, Meta forecasts revenue of $38.5 billion to $41 billion. The Street had been looking for $39.16 billion.
The operating loss for Reality Labs was $4.49 billion compared to the expected $4.53 billion. The company warned, however, that it expects “significant capital expenditures growth” in 2025.
Market Domination Overtime anchors Julie Hyman and Jared Blikre break down Meta’s latest quarterly report.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.
This post was written by Stephanie Mikulich.