Meta Platforms, Inc. (NASDAQ: META) reported second quarter 2023 earnings results today. Revenue increased 11% year-over-year to $32 billion. Net income grew 16% to $7.7 billion and EPS rose 21% to $2.98 compared to last year. Both revenue and earnings beat expectations, allowing the stock to gain 4% in aftermarket hours on Wednesday. Monthly […]
“Meta Platforms, Inc. (NASDAQ: META) reported second quarter 2023 earnings results today. Revenue increased 11% year-over-year to $32 billion. Net income grew 16% to $7.7 billion and EPS rose 21% to $2.98 compared to last year. Both revenue and earnings beat expectations, allowing the stock to gain 4% in aftermarket hours on Wednesday. Monthly […]
· July 26, 2023
Meta Platforms, Inc. (NASDAQ: META) reported second quarter 2023 earnings results today.
Revenue increased 11% year-over-year to $32 billion.
Net income grew 16% to $7.7 billion and EPS rose 21% to $2.98 compared to last year.
Both revenue and earnings beat expectations, allowing the stock to gain 4% in aftermarket hours on Wednesday.
Monthly active users grew 3% and daily active users grew 5% YoY.
For the third quarter of 2023, total revenue is expected to be $32-34.5 billion.
