Summary by Moomoo AI
Meta Platforms reported a robust financial performance for the second quarter of 2024, with total revenue reaching $39.07 billion, marking a 22% increase from the same quarter in 2023. This growth was primarily driven by a surge in advertising revenue. On a constant currency basis, revenue would have seen a 23% year-over-year increase. The company's net income stood at $13.47 billion, with diluted earnings per share (EPS) at $5.16. Capital expenditures were significant, totaling $8.47 billion, while share repurchases amounted to $6.32 billion. Meta Platforms ended the quarter with $58.08 billion in cash, cash equivalents, and marketable securities. The company's headcount decreased by 1% year-over-year to 70,799 employees. In terms of user engagement, the Family daily active people (DAP) metric rose to 3.27 billion, a 7% increase from...Show More
