It has previously forecasted revenue of $87 billion to $92 billion. The company reduced its expectations for full-year expenses to between $85 billion and $87 billion. The company now has $40.49 billion in cash, equivalents, and marketable securities. Meta repurchased $5.08 billion of stock in the June quarter. The Average Revenue per User (ARPU) was slightly lower than analysts' expectation of $9.83 and stood at $9.82. MAUs came at 2.93 billion below analysts' expectation of 2.94 billion. Meta Q2 Earnings: Monthly Active Users (MAUs) Daily Active Users (DAUs) on Facebook were slightly higher in the second quarter compared to the previous quarter's DAUs of 1.96 billion. The Daily Active Users (DAUs) came at 1.97 billion in Q2 above analysts' expectation of 1.96 billion. reported an operating loss of $2.8 billion, compared to a $2.4 billion loss in the same quarter last year, but narrowing from a $3 billion loss in the first quarter. Reality Lab, which deals with virtual reality, augmented reality, etc. Meta’s s Family of Apps including Instagram, Messenger, and WhatsApp reported an operating income of $11.2 billion, down 24.5% from the year ago. Revenue from Reality Labs was $452 million, down from $695 million in the first quarter but up from $305 million a year ago. Advertising revenue in the quarter was $28.2 billion, down from $28.6 billion in the year-ago period. Meta reported revenue of $28.82 billion in Q2 compared to analysts' expectation of $28.94 billion.
Guidance: Revenue of $87 billion to $92 billion for Q3.Profit: EPS of $2.46 against an estimate of $2.59.Meta share price closed at $159.10 per share on Friday. Meta reported its Q2 numbers this week and the top line and bottom line were below analysts' expectations.
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