U.S. social media giant Meta Platforms, Inc., parent of Facebook and Instagram, reported on Wednesday an upbeat revenue and earnings for the second quarter, better than expected.
In the second quarter, the California-based company had a total revenue of 39.07 billion U.S. dollars, a 22 percent increase year on year.
Meta's quarterly net income jumped to 13.47 billion dollars, up 73 percent from 7.79 billion dollars year on year. The diluted earnings per share for the quarter increased to 5.16 dollars from 2.98 dollars in the same period of 2023, said Meta.
The number of daily active users for Meta's family of apps increased 7 percent year on year to 3.27 billion on average for June 2024. The company's headcount was 70,799 as of June 30, a decrease of 1 percent from a year earlier.
"We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year," said Mark Zuckerberg, Meta founder and CEO. "We've released the first frontier-level open source AI model, we continue to see good traction with our Ray-Ban Meta AI glasses, and we're driving good growth across our apps."
The company expected the third quarter total revenue to be in the range of 38.5 billion to 41 billion dollars, and the full-year 2024 capital expenditures to be in the range of 37 billion to 40 billion dollars.
In addition, Meta said it continues to monitor an active regulatory landscape, including the increasing legal and regulatory headwinds in the European Union and the United States that could significantly impact its business and financial results.
（Editor:Liao Yifan）
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