Meta Platforms reported second-quarter 2026 results with revenue rising 28% year over year to $60.8B, while diluted EPS fell to $6.18 from $7.14 and net income declined to $15.85B from $18.34B in the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$60.8B$47.52B28% | Net income²$15.85B$18.34B(13.6%) | Diluted EPS³$6.18$7.14(13.4%) |
¹ Reported as “Revenue”. ² Reported as “Net income”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth was driven primarily by advertising strength across the Family of apps.
- Ad impressions rose 14%, while Reels continued to grow but monetizes at lower rates than Feed and Stories, pressuring price mix.
- Family daily active people increased 3% year over year to 3.60B and ARPP grew 24% to $16.86, reflecting improved ad performance.
- Company is investing heavily in AI and infrastructure, with major capital spending on data centers, servers and ad tech to support long-term growth.
- Operating margins were pressured by higher employee compensation, severance, legal costs and third-party AI token expenses linked to restructuring and AI initiatives.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.