Meta shares climb 10% on revenue beat, raised forecast
Mark Zuckerberg, CEO of Meta Platforms.
David Paul Morris | Bloomberg | Getty Images
Meta shares jumped 10% after the company reported second-quarter earnings on Wednesday that beat on revenue. Here’s how the company did, compared with estimates from analysts polled by LSEG:
- Earnings per share: $7.14 vs. $5.92 expected
- Revenue: $47.52 vs. $44.80 billion expected
Meta said that third-quarter sales will come in the range $47.5 billion to $50.5 billion, ahead of Wall Street estimates of $46.14 billion.
The company said that capital expenditures will come in between $66 billion and $72 billion, raising the low end of the company’s previous estimate of $64 billion and $72 billion.
The company said that compensation related to hiring will be “the second largest driver of growth” and that “these factors will result in a 2026 year-over-year expense growth rate that is above the 2025 expense growth.”
Meta’s Reality Labs unit, tasked with developing virtual reality and augmented reality technologies, recorded an operating loss of $4.53 billion on $370 million in sales during the second quarter. These losses were less than Wall Street estimates.
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