Meta Platforms (META) Stock Surges 9% on Strong Q2 Earnings and Robust Ad Revenue Growth
Meta Platforms Inc. (META) shares jumped 9.32% in after-hours trading following a Q2 earnings beat, with revenue hitting $47.5 billion—a 22% year-over-year increase. Ad pricing ROSE 9%, while daily active users grew to 3.48 billion, underscoring sustained platform engagement.
The company boosted capital expenditures to $17 billion, signaling aggressive investment in long-term infrastructure. A $9.76 billion stock buyback and $1.33 billion dividend payout reflect Meta's strong cash position and commitment to shareholder returns.
Analysts highlight the dual drivers of ad impression growth (11% YoY) and higher pricing as evidence of improved monetization efficiency. The results reinforce Meta's dominance in digital advertising despite macroeconomic headwinds.
