The earnings call reflects a strong financial performance with significant revenue and operating income growth, driven by advancements in AI engagement and ad revenue. However, the company faces increased expenses, a substantial operating loss in Reality Labs, regulatory challenges in the EU, and high capital expenditures, which could impact future profitability.

Company Guidance

During Meta's second-quarter 2025 earnings call, the company provided a comprehensive outlook on its financial performance and strategic focus areas. Total revenue for the quarter reached $47.5 billion, marking a 22% increase year-over-year. Total expenses rose by 12% to $27.1 billion, with significant investments in AI and infrastructure. Meta's operating income was reported at $20.4 billion, yielding a 43% operating margin. The company highlighted substantial progress in AI, with improvements in ad conversions on Instagram and Facebook by 5% and 3%, respectively. Engagement metrics showed a 5% increase in time spent on Facebook and 6% on Instagram. Meta's AI initiatives, including the development of superintelligence, remain a central focus, supported by extensive infrastructure investments, such as the upcoming Prometheus and Hyperion clusters. Looking forward, Meta expects third-quarter revenue between $47.5 billion and $50.5 billion, with full-year expenses projected to range from $114 billion to $118 billion. Capital expenditures for 2025 are anticipated to be between $66 billion and $72 billion, with a significant emphasis on enhancing AI capabilities.

Strong Revenue Growth

Q2 total revenue was $47.5 billion, up 22% year-over-year on both a reported and constant currency basis.

Significant Operating Income

Second quarter operating income was $20.4 billion, representing a 43% operating margin.

Ad Revenue Increase

Q2 Family of Apps ad revenue was $46.6 billion, up 21% year-over-year.

AI-driven Engagement Growth

Advancements in recommendation systems led to a 5% increase in time spent on Facebook and 6% on Instagram.

Strong Cash Position

Meta ended the quarter with $47.1 billion in cash and marketable securities.

Meta Platforms (CH:FB) Earnings, Revenues Date & History

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CH:FB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	5.33 / -	4.829	―	―	―
Jul 30, 2025	2025 (Q2)	4.71 / 5.72	4.132	38.37% (+1.59)
Apr 30, 2025	2025 (Q1)	4.19 / 5.15	3.772	36.52% (+1.38)
Jan 29, 2025	2024 (Q4)	5.41 / 6.42	4.268	50.47% (+2.15)
Oct 30, 2024	2024 (Q3)	4.18 / 4.83	3.515	37.36% (+1.31)
Jul 31, 2024	2024 (Q2)	3.78 / 4.13	2.386	73.15% (+1.75)
Apr 24, 2024	2024 (Q1)	3.46 / 3.77	1.762	114.09% (+2.01)
Feb 01, 2024	2023 (Q4)	3.86 / 4.27	1.409	202.84% (+2.86)
Oct 25, 2023	2023 (Q3)	2.92 / 3.52	1.313	167.68% (+2.20)
Jul 26, 2023	2023 (Q2)	2.33 / 2.39	1.97	21.14% (+0.42)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CH:FB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	CHF184.00	CHF184.00	0.00%
Apr 30, 2025	CHF184.00	CHF184.00	0.00%
Jan 29, 2025	CHF184.00	CHF184.00	0.00%
Oct 30, 2024	CHF184.00	CHF184.00	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.