Meta Platforms(US:META) 3 6 Ke·2025-08-01 01:12Core Viewpoint - Meta reported exceptional second-quarter financial results, with revenue and net profit significantly exceeding expectations, leading to a substantial increase in stock price [2][3]. Financial Performance - Revenue for the second quarter reached $47.52 billion, surpassing the expected $44.8 billion, and showing a year-over-year growth of 22% [3][5]. - Net profit increased by 36% year-over-year to $18.34 billion [3][5]. - Earnings per share (EPS) were $7.14, well above the expected $5.92, reflecting a 38% increase from the previous year [4][5]. Future Outlook - Meta anticipates third-quarter revenue to be between $47.5 billion and $50.5 billion, exceeding Wall Street's estimate of $46.14 billion [4]. - The company did not provide specific guidance for the fourth quarter but indicated that growth rates would be lower compared to the third quarter due to a stronger growth period in Q4 2024 [6]. Advertising Revenue - Advertising revenue for the second quarter was $46.56 billion, exceeding the forecast of $43.97 billion [6]. User Engagement - Daily active users across Meta's applications increased to 3.48 billion, surpassing analyst expectations of 3.45 billion [6]. Costs and Investments - Total costs and expenses for the second quarter were $27.08 billion, a 12% increase year-over-year [6]. - Meta's capital expenditures for the year are projected to be between $66 billion and $72 billion, with total expenses for 2025 expected to be between $114 billion and $118 billion [6][7]. AI and Innovation - CEO Mark Zuckerberg highlighted the efficiency and revenue improvements in Meta's advertising system due to AI technology [6]. - Meta's Reality Labs, focusing on virtual and augmented reality, reported sales of $370 million but incurred an operating loss of $4.53 billion, which was lower than Wall Street's expectations [6]. - Zuckerberg shared his vision for "personal superintelligence," emphasizing the potential of advanced technology to empower individuals rather than just enhance automation [8][9].