July 30, 2026 12:09 PM
Meta’s Q2 revenue jumps by 28% YoY, while net profit declines 14% amid higher spending
Meta Platforms reported a 28 per cent year-on-year increase in revenue for the second quarter of 2026, driven by growth in advertising and user engagement, although net profit declined 14 per cent as higher operating costs weighed on earnings. According to the company's financial statement, revenue for the quarter ended June 30, 2026, rose to $60.80 billion from $47.52 billion a year earlier. On a constant-currency basis, revenue increased 27 per cent year-on-year. Net income declined to $15.8...