Meta Platforms, Inc. (NASDAQ: META) reported second quarter 2022 earnings results today.
Total revenue dipped 1% year-over-year to $28.8 billion.
Net income decreased 36% to $6.7 billion while EPS dropped 32% to $2.46.
For the third quarter of 2022, revenue is expected to range between $26-28.5 billion.
Both the top and bottom line numbers missed estimates causing the stock to drop over 1% in after-market hours on Wednesday.
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