Meta Platforms reported Q2 earnings with a 13% drop in EPS to $6.18, missing the $7.22 estimate, mainly due to a 55% rise in costs including $2.4 billion in legal charges. Revenue grew 28% to $60.8 billion, beating expectations, driven by a 27% increase in advertising revenue. Operating income fell 8% to $18.8 billion, and operating margin shrank by 12 percentage points. Meta raised its 2026 capital expenditure guidance and expects full-year expenses to rise due to legal costs, but anticipates operating income above 2025 levels. CEO Mark Zuckerberg highlighted AI as a growth driver. Shares fell 6.7% after hours.
Meta CEO Mark Zuckerberg discussed the company's challenge of balancing monetizing excess AI data center capacity versus retaining it for future AI development. Despite heavy capital spending rivaling peers, Meta currently lacks a cloud services busi...
Meta CEO Mark Zuckerberg announced that within five years, billions of people will rely on personal AI agents to manage tasks across health, finances, and careers. Meta is actively developing these AI assistants, already serving over a million busine...
India's Gen Z protests highlighted Instagram's growing political influence, with Prime Minister Modi posting a selfie video that garnered nearly 400 million views. Meta dominates India's social media landscape with WhatsApp, Instagram, and Facebook b...
Meta is broadening its enterprise AI efforts beyond its initial AI agent for business customer service. CEO Mark Zuckerberg highlighted plans to sell AI-powered business agents, APIs, and possibly computing resources directly to businesses, aiming to...
Meta Platforms delivered strong operational results and revenue growth in Q2 despite an 8% drop in its stock price after earnings. The company faced margin compression due to increased R&D, legal, and severance expenses, but its core business and use...
