Meta Reports Second Quarter 2025 Results

Financial Performance - Meta Platforms, Inc. reported a revenue of $47.516 billion for Q2 2025, a 22% increase from $39.071 billion in Q2 2024 [1] - Costs and expenses rose to $27.075 billion, up 12% from $24.224 billion year-over-year [1] - Net income for the quarter was $18.337 billion, reflecting a 36% increase compared to $13.465 billion in the same quarter last year [1] - Diluted earnings per share (EPS) increased by 38% to $7.14 from $5.16 year-over-year [1] Operational Highlights - Family daily active people (DAP) averaged 3.48 billion in June 2025, a 6% year-over-year increase [10] - Ad impressions across the Family of Apps increased by 11% year-over-year, while the average price per ad rose by 9% [10] - Total capital expenditures for Q2 2025 were $17.01 billion, with share repurchases amounting to $9.76 billion [10] Future Guidance - The company expects Q3 2025 total revenue to be between $47.5 billion and $50.5 billion, with a 1% foreign currency tailwind anticipated [4] - Full-year 2025 total expenses are projected to be in the range of $114 billion to $118 billion, reflecting a growth rate of 20-24% year-over-year [5] - Capital expenditures for 2025 are expected to be between $66 billion and $72 billion, indicating a significant increase from the previous year [7] Segment Performance - Revenue from the Family of Apps segment was $47.146 billion, up from $38.718 billion year-over-year, while Reality Labs generated $370 million [29] - Income from operations for the Family of Apps was $24.971 billion, compared to $19.335 billion in the prior year, while Reality Labs reported a loss of $4.530 billion [29] Cash Flow and Financial Position - Cash flow from operating activities was $25.561 billion for Q2 2025, compared to $19.370 billion in Q2 2024 [30] - Free cash flow for the quarter was $8.549 billion, down from $10.898 billion year-over-year [30] - As of June 30, 2025, cash, cash equivalents, and marketable securities totaled $47.07 billion [10]