Overview
- Meta posted $47.52 billion in second-quarter revenue and $7.14 in earnings per share, exceeding analyst forecasts.
- Net income climbed 36% to $18.34 billion as daily active users across Facebook, Instagram and other apps reached 3.48 billion.
- The company lifted its full-year capital expenditure guidance to $66–72 billion to build data centers and expand compute capacity for AI.
- Meta forecast third-quarter revenue of $47.5 billion to $50.5 billion, surpassing Wall Street estimates and sending shares up about 10% in after-hours trading.
- CEO Mark Zuckerberg unveiled a vision for personal superintelligence backed by a $14.3 billion investment in Scale AI and the appointment of Alexandr Wang to lead new superintelligence labs.