Wednesday, July 29th, 2026 – 7:33 pm
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Meta would have had a great quarter. That is, if it weren’t for the layoffs, the lawsuits and the galactic-level AI operating costs.
The company’s Q2 earnings call on Tuesday evening started off strong as CFO Susan Li announced quarterly revenue totaling $60.4 billion, up 28% from last year. Ad revenue across Meta’s family of apps was up 27% year-over-year and accounted for $59.4 billion of the quarterly haul. That last $1 billion came from a delightfully specific “other revenue” column.
However, the starkest year-over-year increase came in the form of Meta’s expenses, which were up 55% for a total of $42 billion.
