Meta Platforms reported strong 28% year-on-year revenue growth in the second quarter of 2026, driven by higher advertising revenue and increased user engagement. However, net profit declined 14% as legal charges, restructuring costs, and higher operating expenses weighed on earnings.

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• Meta Platforms reported Q2 2026 revenue of $60.80 billion, a 28% increase from $47.52 billion in the corresponding quarter of 2025, reflecting continued strength in its advertising business and digital platforms.
• Despite higher revenue, net profit declined 14% year-on-year to $15.85 billion, primarily due to significantly higher operating expenses, legal charges, and restructuring-related costs.
• Total costs and expenses surged 55% to $42.03 billion, including $2.40 billion in legal proceeding charges and $1.18 billion in severance costs following the company’s workforce reduction announced in May 2026.
• Operating income fell 8% to $18.78 billion, while the operating margin narrowed from 43% to 31%, reflecting increased investments and higher cost pressures.
• Diluted earnings per share (EPS) declined 13% to $6.18, and the company’s effective tax rate increased to 16%, compared with 11% in the same quarter last year.
• Meta’s Family Daily Active People (DAP) reached 3.60 billion in June 2026, representing a 3% increase year-on-year. Ad impressions across its Family of Apps grew 14%, while the average advertisement price increased 12%.
• Chief Executive Officer Mark Zuckerberg said Artificial Intelligence (AI) is accelerating Meta’s core business, powering next-generation products, and creating new long-term enterprise opportunities.
• Looking ahead, Meta expects Q3 2026 revenue between $61 billion and $64 billion, while revising its 2026 operating expense guidance to $165–169 billion and capital expenditure outlook to $130–145 billion, reflecting continued investments in AI infrastructure.