Meta posts $60.8 billion quarterly revenue, but EPS miss sends shares down nearly 9% after hours
Meta's Q2 results showed strong revenue growth ($60.8B, +28% YoY) but a sharp earnings miss ($6.18 vs $7.17) as costs surged (+55%) and capex jumped (+83%) amid aggressive AI spending and legal/severance charges. The post-close ~9% selloff signals near-term concern over margin compression, elevated investment intensity, and higher forward capex guidance despite resilient topline momentum.
AI Insight · NCSKMETA2USD/USDTAI Insight
▼ Bearish
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Meta Platforms reported $60.8 billion in quarterly revenue, up 28% year over year, while earnings per share came in at $6.18 versus analysts’ $7.17 consensus. Net margin was 26%, but profit under GAAP fell, leaving investors focused on the earnings shortfall. The stock dropped by nearly 9% in after-hours trading following the release.