Meta Platforms, Inc. (META) reported a second-quarter profit of $15.848 billion, or $6.18 per share, a decline from $18.337 billion, or $7.14 per share, during the same period last year. Despite the drop in profit, the company’s revenue increased by 28% to $60.801 billion, up from $47.516 billion last year.
For the upcoming quarter, Meta anticipates revenue between $61 billion and $64 billion.
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