Meta Beats Q2 Earnings Estimates, Issues Strong Guidance, Shares Surge To New Highs

Meta Platforms Inc (NASDAQ:META) reported second-quarter financial results after the market close on Wednesday. Here’s a rundown of the report.

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Q2 Earnings: Meta reported second-quarter revenue of $47.52 billion, beating analyst estimates of $44.58 billion, according to Benzinga Pro. The company reported second-quarter earnings of $7.14 per share, beating estimates of $5.79 per share.

Total revenue was up 22% on a year-over-year basis. Family daily active people climbed 6% year-over-year to 3.48 billion. Ad impressions jumped 11% year-over-year and average price per ad increased by 9% year-over-year.

Operating margin totaled 43%, up from 38% in the prior year's quarter. Costs and expenses came in at $27.08 billion, up 12% year-over-year. ...