Meta’s second-quarter sales increased 22% year over year, which was the same growth rate as a year ago.
The company’s advertising revenue for the second quarter came in at $46.56 billion, ahead of Wall Street projections of $43.97 billion. CEO Mark Zuckerberg said Meta’s artificial intelligence technology unlocked “greater efficiency and gains across our ad system.”

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Meta said third-quarter sales will come in a range between $47.5 billion and $50.5 billion, ahead of Wall Street estimates of $46.14 billion.
The company said capital expenditures will come in between $66 billion and $72 billion, raising the low end of the company’s previous estimate of between $64 billion and $72 billion.

Meta said that compensation related to hiring will be “the second-largest driver of growth,” and that “these factors will result in a 2026 year-over-year expense growth rate that is above the 2025 expense growth.”
Reality Labs, Meta’s unit tasked with developing virtual reality and augmented reality technologies, recorded an operating loss of $4.53 billion on $370 million in sales during the second quarter. The loss was less than Wall Street estimates, but so were the expected sales.

Daily active people for Meta’s family of apps grew to 3.48 billion in the second quarter, ahead of analysts’ estimates of 3.45 billion. That’s up from 3.43 billion in the previous quarter.
Meta’s total costs and expenses for the second quarter were $27.08 billion, which was a 12% year-over-year increase.
The social media company said its total expenses for 2025 will fall in the range between $114 billion and $118 billion, which raises the low end of its prior outlook of between $113 billion and $118 billion.