Key Financial Metrics From Meta Platforms
Meta Platforms (NASDAQ: META) reported a 28% year-over-year revenue increase, reaching $60.8 billion in Q2, despite posting an earnings per share (EPS) of $6.18, below analysts’ expectations of $7.22. The drop in EPS resulted from $2.4 billion in legal costs and nearly $1.2 billion in severance costs. Advertising revenue climbed 27% to $59.4 billion, aided by a 14% rise in ad impressions and a 12% increase in average ad prices.
Capex guidance for 2026 increased to between $130 billion and $145 billion, raising investor concerns over potential spending returns, while overall expenses surged 55% to $42 billion. Despite these costs, Meta generated $784 million in free cash flow for the quarter and projects Q3 revenue between $61 billion and $64 billion, reflecting year-over-year growth of 19% to 25%.
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