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July 31, 2025

Meta blows past Q2 expectations

MENLO PARK, Calif. (AP) — In the midst of an artificial intelligence spending spree, Facebook parent Meta posted stronger-than-expected results for the second quarter, buoyed by growing ad revenue even as its expenses increased.

Shares of Meta Platforms Inc. surged more than 9% after-hours as a result. The Menlo Park, California-based company earned $18.34 billion, or $7.14 per share, in the April-June period. That's up 36% from $13.47 billion, or $5.16 per share, in the same period a year earlier.


 
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