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.
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For the third quarter of 2023, total revenue is expected to be $32-34.5 billion.
Prior performance
